JC Flowers manages two private equity funds, J.C. Flowers I LP, closed in 2002 with $900 million of committed capital, and J.C. Flowers II LP, closed in 2006 with $7.0 billion of committed capital. Both funds are focused exclusively on the financial services sector. JC Flowers in Europe is led by its managing director, David Morgan.[6]
One Savings Bank (UK) - Specialist Mortgage Lender
Other notable activity
JC Flowers has also been active in a number of high-profile contemplated transactions that did not occur. In mid-2007, an investor group led by JC Flowers signed an agreement to purchase Sallie Mae for approximately $25 billion (USD), giving JC Flowers and Friedman Fleischer & Lowe 50.2 percent of the company. This deal fell through, however.[7] In late 2007, JC Flowers was one of the many companies bidding for the troubled British Bank, Northern Rock.[8] They pulled out of the bidding in December.[9]
On January 21, 2008, JC Flowers made an informal bid of £4bn for Friends Provident.[10] A revised bid of £3.5 billion was rejected.[11] On March 14, 2008, JC Flowers was reported to be in talks to buy troubled US investment bank Bear Stearns.[12] On April 16, 2008, JC Flowers issued an offer to buy 24.9% of the shares of Hypo Real Estate Group at a price of €22.50 per share.[13] At the end of 2006, JC Flowers purchased a company called PanEuroLife in Luxembourg and started to build the NewPELGroup.[14]
In December 2012 JC Flowers was reported to have submitted a non-binding first-round bid for the 316 branches being re-auctioned by The Royal Bank of Scotland Group.[16] In July 2013, JC Flowers agreed to buy £450 million of loans belonging to struggling British bank Northern Rock.[17]
In October 2016, JC Flowers aided the acquisition of retail stockbroker TD Direct Investing Europe by a smaller rival Interactive Investor to create the United Kingdom's second-biggest online fund supermarket.[18]
In May 2017, JC Flowers completed the acquisition of the insurance company UK General for an undisclosed sum.[19]
flowers, this, article, about, private, equity, firm, private, equity, investor, christopher, flowers, this, article, uses, bare, urls, which, uninformative, vulnerable, link, please, consider, converting, them, full, citations, ensure, article, remains, verif. This article is about the private equity firm For the private equity investor see J Christopher Flowers This article uses bare URLs which are uninformative and vulnerable to link rot Please consider converting them to full citations to ensure the article remains verifiable and maintains a consistent citation style Several templates and tools are available to assist in formatting such as Reflinks documentation reFill documentation and Citation bot documentation August 2022 Learn how and when to remove this template message J C Flowers amp Co is an American private equity investment firm focused on investments in the financial services sector The firm founded in 2001 2 is based in New York City and run by billionaire 3 J Christopher Flowers a former Goldman Sachs partner 4 As of 2017 the firm had invested more than 15 billion in capital 5 J C Flowers amp CompaniesTypePrivateIndustryPrivate equity Financial servicesFounded2001 22 years ago 2001 FounderJ Christopher FlowersHeadquartersNew York New York United StatesProductsLeveraged buyout Growth capitalAUMUS 5 4 billion 1 Total assets 7 9 billionDivisionsJ C Flowers I L P and J C Flowers II L P Websitejcfco comJC Flowers manages two private equity funds J C Flowers I LP closed in 2002 with 900 million of committed capital and J C Flowers II LP closed in 2006 with 7 0 billion of committed capital Both funds are focused exclusively on the financial services sector JC Flowers in Europe is led by its managing director David Morgan 6 Contents 1 Investments 1 1 Other notable activity 2 References 3 External linksInvestments EditJC Flowers most notable investments include such financial services companies as Chi X Australia along with Chi X Japan and Chi Tech Hong Kong Enstar Group Shinsei Bank NIBC Bank N V Hypo Real Estate Group Germany formerly 24 9 First Bank Romania 76 1 HSH Nordbank Germany 26 6 Fox Pitt Kelton Cochran Caronia Waller Equita Sim Italy 50 01 Eurovita Italy 78 19 MF Global US 6 8 One Savings Bank UK Specialist Mortgage LenderOther notable activity Edit JC Flowers has also been active in a number of high profile contemplated transactions that did not occur In mid 2007 an investor group led by JC Flowers signed an agreement to purchase Sallie Mae for approximately 25 billion USD giving JC Flowers and Friedman Fleischer amp Lowe 50 2 percent of the company This deal fell through however 7 In late 2007 JC Flowers was one of the many companies bidding for the troubled British Bank Northern Rock 8 They pulled out of the bidding in December 9 On January 21 2008 JC Flowers made an informal bid of 4bn for Friends Provident 10 A revised bid of 3 5 billion was rejected 11 On March 14 2008 JC Flowers was reported to be in talks to buy troubled US investment bank Bear Stearns 12 On April 16 2008 JC Flowers issued an offer to buy 24 9 of the shares of Hypo Real Estate Group at a price of 22 50 per share 13 At the end of 2006 JC Flowers purchased a company called PanEuroLife in Luxembourg and started to build the NewPELGroup 14 In July 2010 JC Flowers announced its intention to purchase a stake in the UK s Kent Reliance Building Society 15 and this deal was completed on 1 February 2011 with the formation of OneSavings Bank Plc In December 2012 JC Flowers was reported to have submitted a non binding first round bid for the 316 branches being re auctioned by The Royal Bank of Scotland Group 16 In July 2013 JC Flowers agreed to buy 450 million of loans belonging to struggling British bank Northern Rock 17 In October 2016 JC Flowers aided the acquisition of retail stockbroker TD Direct Investing Europe by a smaller rival Interactive Investor to create the United Kingdom s second biggest online fund supermarket 18 In May 2017 JC Flowers completed the acquisition of the insurance company UK General for an undisclosed sum 19 References Edit https wallmine com adviser 211929 j c flowers co llc JC Flowers profile BusinessWeek Retrieved 2008 04 16 Billionaire list J Christopher Flowers Forbes 2007 10 07 Retrieved 2008 04 16 J Christopher Flowers Forbes Retrieved 2017 07 14 Private Investment Firm J C Flowers Acquires UK General Insurance Journal 2017 05 25 Retrieved 2017 07 14 JC Flowers hires financial heavyweights Financial Times 2009 11 24 Retrieved 2010 05 28 Jobs lost at Sallie Mae J C Penney Times Leader 2008 01 18 Archived from the original on 2009 02 21 Retrieved 2008 04 16 Conway Edmund Hotten Russell 2007 10 26 JC Flowers reveals Northern Rock bid team London The Daily Telegraph Archived from the original on October 29 2007 Retrieved 2008 04 16 Slater Steve 2007 12 07 JC Flowers seen exiting N Rock race Reuters Retrieved 2008 04 16 Seib Christine 2008 01 21 JC Flowers in 4bn bid for troubled Friends Provident The Times London Retrieved 2008 04 16 Hosking Patrick 2008 03 31 Friends Prov rejects new 3 5bn Flowers offer The Times London Retrieved 2008 04 16 Bear Stearns Weekend Talks Reveal 2 Key Contenders CNBC 2008 03 14 Retrieved 2008 04 16 A group of investors coordinated by J C Flowers intends to submit a public offer to purchase around 24 9 of the shares of Hypo Real Estate Holding AG PDF 2008 04 16 Archived from the original PDF on 2008 09 10 Retrieved 2008 04 16 PanEuroLife J C Flowers installe ses bureaux a Capellen dans l immeuble CAP 2 www agefi lu Retrieved 2017 07 14 Kent Reliance and JC Flowers in joint venture talks BBC News 2010 07 12 Retrieved 2010 07 12 Nationwide pulls out of bidding for RBS branches Herald 2012 12 15 Retrieved 2010 07 17 Abhishek Takle 17 July 2013 J C Flowers set to buy portion of Northern Rock loans paper Reuters Aime Williams 12 October 2016 TD Direct Investing bought by challenger broker Financial Times Private Investment Firm J C Flowers Acquires UK General Insurance Journal 2017 05 25 Retrieved 2017 07 14 External links Edit Companies portalOfficial website Retrieved from https en wikipedia org w index php title J C Flowers 26 Co amp oldid 1107462131, wikipedia, wiki, book, books, library,
