A consortium of private equity underwriters (PEU's) will bid on Guaranty Financial, the second largest publicly traded Texas bank. Guaranty has about $16 billion in assets. JP Morgan and other regional banks are reportedly bidding. FT reported:
A private equity consortium, which includes Blackstone Group LP, Carlyle, Oak Hill Capital, TPG and the Texas banker Gerald Ford, is also considering a bid for Guaranty.How much government subsidy with this deal provide? Carlyle's last FDIC milking included $4.9 billion in FDIC subsidies. So many bad banks, so many PEU's...