peHUB First Read 5.27

Did You Work Yesterday? Odds are you had Memorial Day off-but employees of AlixPartners, Evercore Partners and Blackrock, all advisors associated with GM, worked round the clock. (Dealscape) Felix Salmon: Revisits The Worst Private Equity Investment of All Time after news that JPMorgan may get much of its investment in WaMu Back. That won't change the deal's title, though, since TPG won't ever get a dime back. (Reuters.com) Rejected: Apparently, Goldman Sachs tried, and failed, to get in on the BankUnited deal. Goldman also lost out on its bid for IndyMac as well. (NY Post) And Also: In case you were wondering, how will PE firms profit from the BankUnited deal? Here's how.