August 16, 2017 10:32 AM ET

Capital Markets

Company Overview of J.C. Flowers & Co. LLC

Company Overview

J.C. Flowers & Co. LLC is a private equity firm specializing in buyouts. It typically invests in financial services companies with a focus on banks, insurance and re-insurance companies, asset management and brokerage houses, consumer finance businesses, mortgage companies, credit card companies, non bank financial services, and stock exchanges. The firm seeks to invest in North America with a focus on the United States; Western Europe; and Asia. J.C. Flowers & Co. LLC was founded in 1998 and is based in New York, New York with additional offices in London, United Kingdom.

767 Fifth Avenue

23rd Floor

New York, NY 10153

United States

Founded in 1998

Phone:

212-404-6800

Key Executives for J.C. Flowers & Co. LLC

Founder, MD, CEO & Executive Chairman
Age: 60
Managing Director and Chief Financial Officer
MD & General Counsel
Managing Director and Chief Compliance Officer
Managing Director
Age: 70
Compensation as of Fiscal Year 2017.

J.C. Flowers & Co. LLC Key Developments

J.C. Flowers & Co. LLC Presents at SuperReturn U.S. East, Jun-13-2017 01:31 PM

J.C. Flowers & Co. LLC Presents at SuperReturn U.S. East, Jun-13-2017 01:31 PM. Venue: Renaissance Boston Waterfront Hotel, Boston, United States. Speakers: Tom Harding, Vice President.

Co-operative Bank Reportedly Receives Several Bids

Co-operative Bank plc has received a number of non-binding offers that would go into a next phase of bidding, as the struggling lender seeks a takeover that would ward off the need for state intervention. Reportedly, Virgin Money Holdings (UK) plc (LASE:VM), J.C. Flowers & Co. LLC and Cerberus Capital Management L.P. are amongst the bidders, while CYBG plc (LSE:CYBG) is not. However, in what will be a blow to its bond investors, the lender also revealed that "each of the preliminary offers selected includes some form of liability management exercise", signalling that its suitors were proposing either a debt-for-equity swap or imposing losses on debt holders as a condition for the deal. It means that bond holders are in the firing line whatever the fate of the bank. In case a sale fails, which some in the industry think is likely, the lender is also in talks about raising £750 million through a combination of £300 million of fresh equity and forcing bond holders to exchange their debt for equity. If both rescue plans collapse, the Bank of England will be forced to step in and wind Co-op Bank up, a move that is expected to see its most attractive businesses sold off piecemeal. This would again inflict losses on bond investors.

Virgin Money Close To Placing Bid For Co-op Bank

Virgin Money Holdings (UK) Plc (LSE:VM.) is set to place a bid for Co-operative Bank Plc in the coming days, The Daily Telegraph reported, citing a "person close to the process." Interested parties can place the bids until April 4, 2017 the report noted. J.C. Flowers & Co. LLC, Cerberus Capital Management, L.P. and CYBG Plc (LSE:CYBG) are also reportedly eyeing Co-op Bank.

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