Marlin founder and Duke Street sell stake in business

Irish entrepreneur Martin Dunphy has sold his 20% stake in Marlin Financial Group to Cabot Credit Management. CCM is majority-owned by Encore Capital Group, a US publicly listed company with the remaining equity being held by J.C. Flowers & Co. The sale was made alongside majority shareholder Duke Street, which also sold its stake in Marlin as part of the same transaction. The deal values the company at approximately 295 million pounds ($480 million).

AnaCap Sells Cabot Credit Management to J.C. Flowers

AnaCap Financial Partners has sold Cabot Credit Management to funds managed and advised by J.C. Flowers & Co. CCM was formed after the merger in April 2011 of two businesses, Apex Credit Management and Cabot Financial, purchased by funds advised by AnaCap and its co-investors, Morgan Stanley Alternative Investment Partners and Partners Group.

Reuters – Bidders Unveiled for ING Asia

Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING‘s entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever, writes Reuters. US private equity fund J.C. Flowers & Co, TPG and Carlyle Group are among the buyout […]

J.C. Flowers Adds Fidea to its Portfolio

International private equity group J.C. Flowers & Co is acquiring Belgian insurance brand Fidea from KBC. Financial details of the transaction were undisclosed. PRESS RELEASE Today, 30 March 2012, KBC closed the previously announced transaction with affiliates of J.C. Flowers & Co. for the sale of its subsidiary Fidea, having received the necessary regulatory approvals. […]

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