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.
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. 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.
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.
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.
J.C. Flowers & Co. LLC, the investment firm founded by financier J. Christopher Flowers, is considering a bid for Asian insurance assets being sold by Dutch financial company ING Groep NV, two people with direct knowledge of the talks said.
Britain’s customer-owned mortgage lenders may be forced to continue to curtail lending because of a scarcity of wholesale funding and increased competition for deposits, according to Moody’s Investors Service.