A key chapter of the financial crisis — private equity's rescue of BankUnited in Miami Lakes, Fla. — has closed.

BankUnited disclosed last week that its private equity saviors had cashed out, selling shares through a series of secondary offerings that began in March 2013 and were made possible through the $15 billion-asset company's 2011 initial public offering. Four key backers, who helped veteran banker John Kanas buy the failed thrift with $940 million in capital, essentially doubled their investment.

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