JC Flowers eyeing financial companies in Ireland

Private-equity firm JC Flowers & Co is looking to buy financial-services companies including banks and insurers in Britain, Ireland, Spain, Italy, France, Poland and Germany, according to its founder.

1st March, 2012
JC Flowers eyeing financial companies in Ireland
J. Christopher Flowers.

Private-equity firm JC Flowers & Co is looking to buy financial-services companies including banks and insurers in Britain, Ireland, Spain, Italy, France, Poland and Germany, according to its founder, J. Christopher Flowers.

“There will be significant consolidation in the banking industry in Europe and the process is being considerably accelerated by the crisis,” he said in an interview with Bloomberg.

“A cross-border merger of two big weak banks is unlikely to happen because...

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