Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as representatives of the underwriters on the SEC-registered secondary offering of 9,947,821 shares of common stock of BankUnited, Inc. sold by investment funds affiliated with The Blackstone Group, The Carlyle Group, Centerbridge Partners, L.P. and WL Ross & Co. LLC.  The shares of common stock sold in the offering include shares sold pursuant to the underwriters’ partially exercised option to purchase additional shares. The net proceeds of the offering were approximately $296.6 million. BankUnited's common stock is traded on the New York Stock Exchange under the symbol "BKU."  

BankUnited, Inc. is a national bank holding company with one direct wholly-owned subsidiary, BankUnited, National Association, headquartered in Miami Lakes, Florida with $13.1 billion of assets as of June 30, 2013, which provides a full range of banking and related services to individual and corporate customers through 98 branches located in 15 Florida counties and 5 branches located in the New York metropolitan area.  

The Davis Polk corporate team included partner Richard D. Truesdell Jr., associate H. Sarah Whittington and law clerk Rui (Ray) Xu. The financial institutions team included partner Luigi L. De Ghengi, counsel Reena Agrawal Sahni and associate Mark L. Giugliano. Partner Michael Mollerus and associate Arie Rubenstein provided tax advice. Counsel Loyti Cheng and associate Amy E. Turner advised on environmental matters. Counsel Marcie A. Goldstein provided FINRA advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.