JC Flowers & Co LLC

Type: Company
Name: JC Flowers & Co LLC
First reported 1 hour ago - Updated 1 hour ago - 1 reports

FT's Wolf: Future Financial Crisis 'Inevitable'

The global financial system hasn't improved enough since the 2008 financial crisis to prevent another one, says Martin Wolf, chief economics commentator of the Financial Times."We really didn't change our situation profoundly," he told Yahoo. "We still ... [Published NewsMax.com - 1 hour ago]
First reported Sep 10 2014 - Updated Sep 11 2014 - 5 reports

Mead Park’s Moffitt swaps hedge fund for private equity

Buyout firm JC Flowers & Company has reportedly hired Mead Park Management’s founding principal David Moffitt.The new recruit will head up a new platform at the firm to buy fixed-income assets, according to a memo from the firm’s partners cited by the ... [Published AltAssets.net - Sep 11 2014]
First reported Sep 03 2014 - Updated Sep 03 2014 - 1 reports

J.C. Flowers not to acquire TTT Moneycorp

Bridgepoint Capital Group Limited, a private equity firm, has acquired TTT Moneycorp Limited (Moneycorp), a provider of foreign exchange and payment service, from funds advised by SOF Investments, and RBS Special Opportunities Fund, for GBP212 million. ... [Published Individual.com - Sep 03 2014]
First reported Aug 26 2014 - Updated Aug 27 2014 - 1 reports

Sallie Mae Re-Branding: This Rose By Any Other Name Still Has Thorns

NEW YORK ( MainStreet ) The spin-off of Sallie Mae's student loan servicing arm from its consumer banking business seemed designed to suggest that nothing drastic was happening. Just as innocuous--or mysterious--is the servicer's new name: Navient. Punch ... [Published Litchfield County Times - Aug 26 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

UPDATE 1-OneSavings Bank says first half profit up four-fold

* Profit before taxation rises to $49.2 million* RoE up 10 percentage points to 30 percent* Net interest margin improves by 121 basis points (Adds details, background, quote)LONDON, Aug 27 (Reuters) - New British lender OneSavings Bank said underlying ... [Published London South East - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Former Goldman Sachs manager’s fund, in race for Romanian Banca Carpatica

The investment fund J.C. Flowers & Co, created by a former partner and executive with Goldman Sachs, is in the race to become shareholder of Romanian lender Banca Carpatica, according to Mediafax.The bank’s management is currently in favor of merger with ... [Published Romania Business Insider - Aug 27 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 1 reports

Bank lawsuit near settlement

* Proposal expected in shareholder case over shutdown and saleAfter almost two years of litigation, a shareholder lawsuit against the defunct Saddle River Valley Bank and its majority shareholder, board of directors and former chief executive officer ... [Published North Jersey.com - Aug 14 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 1 reports

Time is ripe for 'challenger' banks, Oriel says

With the larger UK banks likely to remain challenged by political, regulatory and financial pressures, the time for the so-called challenger banks has arrived. That’s the view of Oriel Securities, which recently took a look at eight challenger banks: ... [Published Proactiveinvestors United Kingdom RSS feed - Aug 14 2014]
First reported Jul 20 2014 - Updated Jul 20 2014 - 4 reports

JC Flowers: deals after the storm

The private equity investor, who specialises in the financial services sector, is upbeat despite knocks taken during the global crisis ... [Published Financial Times - Asia homepage - Jul 20 2014]
First reported Jun 04 2014 - Updated Jun 04 2014 - 2 reports

Fortress Investment Group and J.C. Flowers Veterans Join Darrell Crate at Easterly Capital

BOSTON--(EON: Enhanced Online News)--David Cody and Avshalom Kalichstein have joined Easterly Capital, the private investment firm founded by Darrell Crate. Both men will focus on new asset opportunities for institutional investors. ... [Published EON Business - Jun 04 2014]
First reported May 07 2014 - Updated May 08 2014 - 4 reports

OneSavings Bank to list on London Stock Exchange-Reuters

(Reuters) – British lender OneSavings Bank plans to list on the London Stock Exchang e to bolster its capital and provide funding for future growth, it said on Wednesday. OneSavings is one of several new British banks eying stock market listings. ... [Published PE Hub Blog - May 07 2014]
First reported Apr 03 2014 - Updated Apr 03 2014 - 3 reports

J.C. Flowers hires former CD&R executive Rahe as managing director

J.C. Flowers & Co. has hired former Clayton Dubilier & Rice managing director Eric Rahe . Rahe joins the firm as a managing director in New York. He led the financial services practice at CD&R, and was previously a senior investment professional ... [Published PE Hub Blog - Apr 03 2014]

Quotes

The idea that a money lender could be as low-risk as a utility is laughable, Flowers said. "That you could design this so that there would never be another banking crisis again is a utopian idea. I guarantee that we will have another banking crisis."
"A lot of Sallie Mae's business moves can be interpreted in the context of a belief that the company was undervalued," said Kantrowitz. "For example, the deal with JC Flowers fell through, because Al Lord thought the company was worth more than JC Flowers wanted to pay. In hindsight, he should have taken the money that was offered."
...The report said, "The due diligence process is in advanced stage and Wadias plan to use the sale proceeds for its realty arm Bombay Realty, which has a couple of posh projects underway and owns a huge land-bank in Mumbai." Wadias currently own 52.3 per cent stake in Bombay Dyeing, while domestic institutions and FIIs jointly own nearly 20 per cent stake in the company
'But combining their assets alone would not lead to boosting their competitiveness,' he said. "They have a lot of talented bankers and the key is how to utilise them."

More Content

All (62) | News (26) | Reports (0) | Blogs (34) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
FT's Wolf: Future Financial Crisis 'Inevitable' [Published NewsMax.com - 1 hour ago]
Mead Park’s Moffitt swaps hedge fund for privat... [Published AltAssets.net - Sep 11 2014]
Mead Park’s Moffitt To J.C. Flowers [Published FINalternatives - Sep 11 2014]
MOVES-J.C. Flowers hires Mead Park founder Davi... [Published Yahoo! Finance - Sep 10 2014]
David Moffitt Leaves Mead Park to Join J.C. Flo... [Published Global Advisors - Sep 10 2014]
David Moffitt Leaves Mead Park to Join J.C. Flo... [Published DealBook - Sep 10 2014]
RBS Special Opportunities Fund and SOF Investme... [Published Individual.com - Sep 03 2014]
J.C. Flowers not to acquire TTT Moneycorp [Published Individual.com - Sep 03 2014]
Profits up fourfold at bank after listing [Published Kent Business - Aug 27 2014]
Former Goldman Sachs manager’s fund, in race fo... [Published Romania Business Insider - Aug 27 2014]
UPDATE 1-OneSavings Bank says first half profit... [Published London South East - Aug 27 2014]
Sallie Mae Re-Branding: This Rose By Any Other ... [Published Litchfield County Times - Aug 26 2014]
Time is ripe for 'challenger' banks, Oriel says [Published Proactiveinvestors United Kingdom RSS feed - Aug 14 2014]
Bank lawsuit near settlement [Published North Jersey.com - Aug 14 2014]
CIT to buy OneWest Bank for more reliable fundi... [Published PE Hub Blog - Jul 23 2014]
The Morning Leverage: A Failed Lender Proves to... [Published WSJ.com: Private Equity Beat - Jul 23 2014]
JC Flowers: deals after the storm [Published Financial Times - Asia homepage - Jul 20 2014]
JC Flowers: deals after the storm [Published FT.com - Financials - Jul 20 2014]
JC Flowers: deals after the storm [Published FT.com - Companies UK - Jul 20 2014]
JC Flowers: deals after the storm [Published FT.com - Companies US & Canada - Jul 20 2014]
Easterly Capital appoints Fortress’ Andrew Dempsey [Published PE Hub Blog - Jun 19 2014]
The Morning Leverage: Some Business News on Was... [Published WSJ.com: Private Equity Beat - Jun 05 2014]
Easterly Capital expands team with two new addi... [Published PE Hub Blog - Jun 04 2014]
Fortress Investment Group and J.C. Flowers Vete... [Published EON Business - Jun 04 2014]
Fortress Investment Group and J.C. Flowers Vete... [Published Business Wire Professional Services News - Jun 04 2014]
Shinsei, Carlyle short-listed in StanChart HK u... [Published PE Hub Blog - May 23 2014]
OneSavings Bank to list on London Stock Exchang... [Published PE Hub Blog - May 07 2014]
OneSavings aims for £500m-£600m valuation [Published Financial Times - UK Homepage - May 07 2014]
OneSavings aims for £500m-£600m valuation [Published FT.com - Financials - May 07 2014]
OneSavings aims for £500m-£600m valuation [Published FT.com - Companies UK - May 07 2014]
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David Moffitt Leaves Mead Park to Join J.C. Flo... [Published DealBook - Sep 10 2014]
A longtime Wall Street executive, Mr. Moffitt will head a new platform for J.C. Flowers to buy fixed-income assets. ...
CIT to buy OneWest Bank for more reliable fundi... [Published PE Hub Blog - Jul 23 2014]
(Reuters) – U.S. small-business lender CIT Group Inc said it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable source of funding. Shareholders of IMB Holdco LLC, OneWest’s parent ...
The Morning Leverage: A Failed Lender Proves to... [Published WSJ.com: Private Equity Beat - Jul 23 2014]
Mike Lucas for Dow Jones From this morning’s LBO Wire: Partners Group is looking to pick up some pipe with Fermaca. The Swiss firm is aiming to raise about half a billion dollars to acquire natural gas pipelines in Mexico that would be operated ...
Easterly Capital appoints Fortress’ Andrew Dempsey [Published PE Hub Blog - Jun 19 2014]
Andrew P. Dempsey, former chief operating officer of Fortress Investment Group ‘s Permanent Capital Business Group, has joined Easterly Capital , a private investment firm founded by former Affiliated Managers Group chief financial officer Darrell ...
The Morning Leverage: Some Business News on Was... [Published WSJ.com: Private Equity Beat - Jun 05 2014]
Mike Lucas for Dow Jones From this morning’s LBO Wire: Wasserstein & Co. is making business news, literally. The firm has agreed to purchase publisher ALM Media Properties from London firm Apax Partners and the Royal Bank of Scotland for $417 million, ...
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