J.C. Flowers & Co.
JC Flowers exits Asia trading platforms business
JC Flowers has agreed to sell Hong Kong-based Chi-X Asia Pacific, which operates equity trading platforms in Australia and Japan, to US-based Cboe Global Markets.
JC Flowers plans near-full exit from Japan's Shinsei Bank
US-based private equity firm JC Flowers is planning to sell nearly all of its stake in Japanese financial institution Shinsei Bank for an undisclosed amount.
Baring Asia buys Korean leasing business from JC Flowers
Baring Private Equity Asia has acquired Korean consumer finance and leasing services provider Acuon Capital from JC Flowers for an undisclosed sum.
India distress: Workout window
India’s distressed asset sector is seeing a surge in investor interest as regulators indicate support for a tougher approach by creditors. PE investors looking to enter this space must develop sustainable strategies
Anbang-led consortium withdraws $14b bid for Starwood
A consortium led by China’s Anbang Insurance Group that was vying to take over Starwood Hotels & Resorts Worldwide has withdrawn its $14 billion bid for the company.
Anbang-led consortium raises offer for Starwood
A consortium led by China’s Anbang Insurance Group has raised its all-cash offer for Starwood Hotels & Resorts Worldwide to about $14 billion, or $82.75 per share.
Primavera, JC Flowers back Anbang's $13b Starwood bid
Primavera Capital and J.C. Flowers & Co. have been confirmed as co-investors in a $13.1 billion all-cash offer for Starwood Hotels & Resorts Worldwide submitted by China-based Anbang Insurance Group.
JC Flowers, Ambit form India stressed asset JV
US-based private equity firm J.C. Flowers will form a joint venture with India's Ambit Holdings to buy stressed assets in India.
JC Flowers to buy Chi-X's Asia trading platforms
J.C. Flowers has agreed to buy the Australia and Japan businesses of Chi-X Global Holdings, an alternative equity trading platform that competes with primary exchanges, as well as the company’s Hong Kong-based technology services unit.
History lessons of PE in Asia
With 2012 marking the 25th anniversary of the AVCJ Hong Kong Forum – and, give or take a year, the Asian Venture Capital Journal itself – we have been taking a trip down memory lane for some special content to be released later in the year. This involves...
PE firms target ING’s Asian insurance assets – report
ING is said to be in talks with several parties, including Apollo Global Management, J.C. Flowers & Co. and a team backed by The Blackstone Group, over the sale of different parts of its Asian life insurance operations. The initial plan was to divest...
JC Flowers circles ING Asia assets - report
US private equity firm J.C. Flowers is said to be considering a bid for the Asian insurance assets being sold by ING Group.
Global buyout firms warn of tightening credit markets
Henry Kravis, co-founder of KKR, said that private equity deals are becoming more expensive as debt markets tighten and the cost of capital goes up.
ANZ no longer in talks to buy Cerberus’ Aozora stake
Australia and New Zealand Banking Group (ANZ) has ended discussions over a potential investment in Aozora Bank. Talks with Cerberus Capital concerning its 50% stake in the Japanese lender floundered at an early stage because the two sides could not agree...
ANZ in talks to buy Cerberus’ Aozora Bank stake – report
Australia and New Zealand Banking Group (ANZ) has begun negotiations to buy Cerberus Capital’s 50% stake in Aozora Bank, Reuters reported, citing two sources familiar with the situation. ANZ is said to be attracted by the Japanese lender’s strong...
ANZ linked to potential acquisitions of Tokyo Star Bank, Aozora Bank
Australia and New Zealand Banking Group (ANZ) is reportedly looking to acquire Lone Star-controlled Tokyo Star Bank or Cerberus-owned Aozora Bank.
Goldman Sachs nears $555m investment into MBK for Woori bid
South Korean private equity fund MBK Partners is reportedly close to securing a KRW600 billion ($555 million) investment from Goldman Sachs that will support its bid for Woori Finance Holdings.
J.C Flowers considers joint bid with TStone for Woori
J.C. Flowers is in talks with TStone, the South Korean private equity firm, to join the bid for a 57% stake in Woori Financial Holdings that is being divested by the Korean government, Reuters reported.
J.C. Flowers raises stake in Shinsei Bank
US investor J.C. Flowers & Co. has reportedly upped its stake in Shinsei Bank as part of the bank’s efforts to raise an additional JPY69 billion ($842 million).
Destressed investors eye Takefuji Co.
Cerberus Capital Management, Lone Star, Fortress Group, JC Flowers & Co and lender Elliott Management are reportedly set to submit acquisition bids for Takefuji Co., the Japanese independent consumer lender which this year filed for bankruptcy protection...
Soros seeks Dubai's BSE stake
Soros Fund Management, the investment vehicle of iconic investor George Soros, is looking to buy the 3.92% stake in the Bombay Stock Exchange held by Dubai Holdings, for around $40 million, according to reports.
Financial investors in financial services
PE’s past and future in the sector in Asia
Shinsei Bank sacks four staff over pay
JC Flowers & Co.-owned Japanese lender Shinsei Bank will let go four foreign senior executives under new Japanese rules on annual compensation of individuals.
Shinsei, Aozora call off bank merger
Shinsei Bank, 33% owned by US private equity group JC Flowers & Co., and Aozora Bank, 50.5% owned by Cerberus Capital Management, have called off their merger plan, due to many outstanding differences over business operations.