J.C. Flowers & Co. LLC, a U.S. leveraged buyout firm, plans to inject 50 million pounds ($79 million) into Kent Reliance Building Society as part of a plan to acquire more customer-owned lenders in the U.K.
U.S. private-equity investors Wilbur Ross and J. Christopher Flowers, who’ve made billions of dollars turning around industries from steel mills to Japanese banks, are lining up to finance British homebuyers as the country’s biggest banks pull back.
J.C. Flowers & Co. the U.S. leveraged buyout firm, is in talks with Kent Reliance Building Society to create a joint company which will seek to acquire other customer-owned lenders in the U.K., said two people with knowledge of the situation.
The Alder tree, a member of the birch family that thrives in landscapes where others fail, is inspiring a British bank as it challenges established issuers in the $346 billion U.K. residential mortgage-bond market.
J. Christopher Flowers, chairman and chief executive officer of U.S. private-equity firm J.C. Flowers & Co., said Spain and Ireland are his preferred countries for investment in Europe as companies sell units.
J. Christopher Flowers, founder of private-equity firm JC Flowers & Co., has moved to London from the U.S. to take advantage of what he sees as more investment opportunities in Europe, according to a company official.