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JC Flowers chairman skips the US for London amid new investment focus

26 Apr 2012

Veteran private equity investor Christopher Flowers has moved from the US to London to take advantage of new investment opportunities in Europe.

Despite early successes his firm JC Flowers saw almost two-thirds of its $7bn second fund’s value wiped out during the 2008 financial crisis.

Its strategy of acquiring majority stakes in financial institutions such as Shinsei, NIBC Bank and Hypo Real Estate meant it was particularly exposed to the economic downturn, and has recently been switching its focus to the Americas.

But Flowers’ move to Belgravia – the first time he has lived outside of the US – signals a potential reawakening of the firm’s desire for European assets

The JC Flowers chairman rose to fame in 2000 while at Ripplewood Holdings, when his acquisition of the failed Long-Term Credit Bank of Japan saw him quadruple his money.

It is believed the firm’s future acquisitions will avoid risky countries such as Spain and focus on insurance and non-bank financial services across the rest of Europe.

Acquisitions would be focused on insurance businesses and other non-bank financial services firms across Europe, the firm said.

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