J.C. Flowers Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, J.C. Flowers has acquired 3 companies. It has also invested in 2 others.

J.C. Flowers’ most common sectors for investment arefinancial services (50%) and insurance (36%) . The Firm’s most common investment types include divestiture (36%) and pipe (15%). In total, J.C. Flowers has invested in 8 US states and 12 different countries. Its largest (disclosed) acquisition occurred in 2011 when it acquired Compagnie Europeenne de Prevoyance SAS for $902M.

In the last 3 years, J.C. Flowers has exited 3 companies. The Firm’s most common exit type is secondary buyout (32%). J.C. Flowers’ largest (disclosed) exit occurred in 2012 when it sold Crump Group for $570M.

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M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity28
    • M&A Sell Activity16
  • Total Sectors Invested 4
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 18
  • M&A Advisors 13

J.C. Flowers & Co. LLC

767 Fifth Avenue, 23rd Floor,
New York, New York 10153
United States
(212) 404-6800
www.jcfco.com
investorinformation@jcfco.com

JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.


Investment Criteria

Sectors of Interest: Financial Services, Insurance

Target Transaction Types: Buyout (LBO, MBO, MBI), Special Situations/Distressed, PIPE

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 21 2 3 2 - - 28
vol $902M $902M
Sell (1.2/yr) # 10 3 1 1 1 - 16
vol $700M $170M $870M
  44

Most Recent M&A

Company Date Value Type
Vericity, Inc. 2023-10-03 170M USD Trade Sale
Chicago, Illinois · www.vericity.com
Yes Bank - Nonperforming Assets 2022-12-17 - Divestiture
Mumbai, India
UK General Insurance Ltd. 2022-06-22 - Unknown
Leeds, United Kingdom · www.ukgeneral.com
Solomon Capital Holdings Ltd. 2022-06-20 - Consolidation
London, United Kingdom · www.solomon-capital.com
TRICOR, Inc. 2021-11-08 - Growth Capital
Lancaster, Wisconsin · www.tricorinsurance.com
LMAX Group 2021-07-01 - Stake Purchase
London, United Kingdom · www.lmax.com
iLendingDIRECT 2021-05-03 - Buyout (LBO, MBO, MBI)
Englewood, Colorado · www.ilendingdirect.com
Chi-X Asia Pacific Holdings, Ltd. 2021-03-24 - Trade Sale
Hong Kong, China
Inigo Ltd. 2020-11-24 - Growth Capital
London, United Kingdom · www.inigoinsurance.com
Ariel Re Ltd. 2020-11-02 - Divestiture
Hamilton, Bermuda · www.arielre.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
ELMC Risk Solutions 2016-09-22 Sequoia Reinsurance Services LLC 2023-03-20 1
New York, New York · www.elmcgroup.com Plymouth, Minnesota
Jefferson Capital Systems LLC 2018-03-26 Canaccede Financial Group Ltd. 2020-03-10 1
St. Cloud, Minnesota · www.jeffersoncapitalinternational.com Toronto, Ontario · www.canaccede.com

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 8 (50%) - 14 (50%) -
Insurance 5 (31%) - 10 (36%) 902M (100%)
Business Services 2 (13%) - 3 (11%) -
Information Technology 1 (6%) - 1 (4%) -
Total 16 - 28 $902M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (31%) - 9 (32%) -
  New York 1 (6%) - 2 (7%) -
  Minnesota 1 (6%) - 1 (4%) -
  Colorado 1 (6%) - 1 (4%) -
  California 1 (6%) - 1 (4%) -
  Wisconsin 1 (6%) - 1 (4%) -
  New Jersey - - 1 (4%) -
  Illinois - - 1 (4%) -
  Florida - - 1 (4%) -
United Kingdom 3 (19%) - 6 (21%) -
Bermuda 2 (13%) - 2 (7%) -
China 1 (6%) - 2 (7%) -
Italy - - 2 (7%) -
Germany 1 (6%) - 1 (4%) -
India 1 (6%) - 1 (4%) -
Japan 1 (6%) - 1 (4%) -
Puerto Rico 1 (6%) - 1 (4%) -
  Prince Edward Island 1 (6%) - 1 (4%) -
Romania 1 (6%) - 1 (4%) -
France - - 1 (4%) 902M (100%)
Canada - - 1 (4%) -
  Ontario - - 1 (4%) -
Domestic 5 (31%) - 9 (32%) -
Cross-border 11 (69%) - 19 (68%) 902M (100%)
Total 16 - 28 $902M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 4 (25%) - 10 (36%) -
Buyout (LBO, MBO, MBI) 2 (13%) - 4 (14%) -
PIPE 3 (19%) - 4 (14%) -
Secondary Buyout 1 (6%) - 3 (11%) 902M (100%)
Stake Purchase 2 (13%) - 3 (11%) -
Growth Capital 2 (13%) - 2 (7%) -
Consolidation 1 (6%) - 1 (4%) -
Venture 1 (6%) - 1 (4%) -
Total 16 - 28 $902M

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (31%) -
Trade Sale - Public Company 4 (25%) 870M (100%)
Stake Sale 3 (19%) -
Bankruptcy 1 (6%) -
Recapitalization 1 (6%) -
Trade Sale 1 (6%) -
Unknown 1 (6%) -
Total 16 $870M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
2
National Bank Financial
2
Reimei Global Advisors, Inc.
1
Legal Deals
Stikeman Elliott LLP
2
Weil Gotshal & Manges LLP
2
Kim & Chang
1

Deal Values

buy # Total
$100M to $1B 1 $902M
TOTAL $902M
Largest Compagnie Europeenne de Prevoyance SAS
$902M (2011-05-05)
sell # Total
$100M to $1B 3 $870M
TOTAL $870M
Largest Crump Group, Inc.
$570M (2012-02-09)

M&A Connections

Deals
Acquired from
Investor(s)
14%
4 (14%)
Strategic(s)
32%
9 (32%)
Exited to
Investor(s)
38%
6 (38%)
Strategic(s)
38%
6 (38%)

FAQ

When was J.C. Flowers & Co. LLC founded?

J.C. Flowers & Co. LLC was founded in 1998.

What type of investor is J.C. Flowers & Co. LLC?

J.C. Flowers & Co. LLC is a private equity firm.

Where is J.C. Flowers & Co. LLC headquartered?

J.C. Flowers & Co. LLC is headquartered in New York, New York.

How much capital does J.C. Flowers & Co. LLC have under management?

J.C. Flowers & Co. LLC has 5.0B USD under management.

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