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Madison Dearborn Buys CapitalSource Shares

Madison buys around 2.8 million shares.
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CapitalSource (CSE) said a fund affiliated with Madison Dearborn Capital Partners has purchased approximately 2.8 million of its shares.

The purchase was structured as a derivative transaction giving Madison Dearborn the economic risks and benefits of full share ownership. Madison Dearborn affiliates own more than 10% of CapitalSource common stock and have a representative on the company's board.

Shares of CapitalSource were gaining 0.9% to $17.97.

CapitalSource of Chevy Chase, Md., is a commercial lending, investment and asset management business. Its asset portfolio as of June 30 was around $20.1 billion.

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