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J.C. Flowers Completes Acquisition Of Nonperforming Assets From Yes Bank In India

Dec 17, 2022•over 2 years ago

Acquiring Company

J.C. Flowers &

Acquired Company

Assets

BankingAngel InvestmentVenture CapitalFinanceFinancial Services

Description

J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today that the J.C. Flowers Asset Reconstruction Company (the "ARC") has completed the purchase of a pool of nonperforming assets ("NPAs") with a principal balance of 480 billion rupee (approximately $6 billion) from YES BANK, a Mumbai, India based bank.

Company Information

Company

J.C. Flowers &

About

J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has approximately $5 billion of assets under management. J.C. Flowers has offices in New York, London and Palm Beach with an approximately 20-person investment staff who have a combined 300+ years of experience. Over its history, J.C. Flowers has invested more than $17 billion of capital in 64 portfolio companies in 18 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management. For more information, please visit www.jcfco.com.

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