- JC Flowers
Infobox Company
name = JC Flowers & Company LLC
type = Private
genre =
foundation = 2001
founder =J. Christopher Flowers
location_city = New York
location_country =USA
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divisions = J.C. Flowers I L.P. and J.C. Flowers II L.P.
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homepage = http://www.jcfco.com
footnotes =
intl =JC Flowers & Company are a
private-equity group, founded in 2001 [cite web |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1089967 |title=JC Flowers profile |publisher=BusinessWeek |accessdate=2008-04-16] . The firm is based inNew York City , and run by billionaire [cite web |url=http://www.forbes.com/lists/2007/10/07billionaires_J-Christopher-Flowers_6MBS.html |title=Billionaire list - J Christopher Flowers |publisher=Forbes |date=2007-10-07 |accessdate=2008-04-16]J. Christopher Flowers , a formerGoldman Sachs partner.JC Flowers & Co serves as advisor to two private equity funds, J.C. Flowers I L.P. and J.C. Flowers II L.P., which are both solely focused on the financial services sector. JC Flowers in Europe is led by the managing directors Renate Krümmer (CEO of the German Flowers office in Hamburg, responsible for German language area) and Ravi Sinha (CEO of the UK office in London, responsible for Rest of Europe) [cite web |url=http://www.reuters.com/article/mergersNews/idUSL0178113720080201?pageNumber=4&virtualBrandChannel=0 |title=FACTBOX-Key people in the battle for Northern Rock |publisher=Reuters |date=2008-02-01 |accessdate=2008-04-16] .
Investments
JC Flowers' investments include:
*Enstar Group
*Shinsei Bank
* NIBC Bank N.V.
* Hypo Real Estate Group (Germany) (24.9% offer)
*HSH Nordbank AG (Germany) (26.6%)Company bidding
In mid
2007 , an investor group led by JC Flowers signed an agreement to purchaseSallie Mae for approximately $25 billion (USD), giving JC Flowers and Friedman Fleischer & Lowe 50.2 percent of the company. This deal fell through, however [cite web |url=http://www.timesleader.com/business/20080118_18_layoffs_biz_ART.html |title=Jobs lost at Sallie Mae, J.C. Penney |publisher=Times Leader |date=2008-01-18 |accessdate=2008-04-16] .In late 2007, JC Flowers were one of the many companies bidding for the troubled British Bank,
Northern Rock [cite web |url=http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/26/cnrock126.xml |title=JC Flowers reveals Northern Rock bid team |publisher=The Daily Telegraph |date =2007-10-26 |accessdate=2008-04-16] . They pulled out of the bidding in December [cite web |url=http://uk.reuters.com/article/hotStocksNews/idUKWLB426020071207 |title=JC Flowers seen exiting N. Rock race| date=2007-12-07 |publisher=Reuters |accessdate=2008-04-16] .On
January 21 , 2008, JC Flowers made an infomal bid of £4bn forFriends Provident [cite web |url=http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3221929.ece |title=JC Flowers in £4bn bid for troubled Friends Provident |publisher=The Times |date=2008-01-21 |accessdate=2008-04-16] . A revised bid of £3.5 billion was rejected [cite web |url=http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3650870.ece |title=Friends Prov rejects new £3.5bn Flowers offer |publisher=The Times |date=2008-03-31 |accessdate=2008-04-16]On
March 14 , 2008, JC Flowers was reported to be in talks to buy troubled US investment bankBear Stearns [cite web |url=http://www.cnbc.com/id/23651058 |title=Bear Stearns Weekend Talks Reveal 2 Key Contenders |publisher=CNBC |date=2008-03-14 |accessdate=2008-04-16] .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. [cite web |url=http://www.hyporealestate.com/eng/pdf/AdHoc_Osiris_engl_final.pdf |format=PDF |title=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.|date=2008-04-16 |accessdate=2008-04-16] .References
External links
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