J.C. Flowers Acquires wefox Italia

J.C. Flowers & Co. Acquires Insurance Broker Caleas Srl

July 31, 2025

Financial Services

Investment vehicles affiliated with J.C. Flowers & Co. have acquired Milan-based insurance brokerage Caleas Srl. The founders/management will retain a minority stake; the deal is part of J.C. Flowers' roll-up strategy in the Italian insurance market to expand its SME and corporate insurance capabilities.

J.C. Flowers Acquires Elephant Insurance from Admiral Group

December 31, 2025

Insurance

J.C. Flowers & Co., a private investment firm focused on financial services, has acquired Admiral Group’s U.S. motor insurance business—Elephant Insurance Company and Elephant Insurance Services—effective 31 December 2025. Admiral sold the business to focus on opportunities in the UK and continental Europe while J.C. Flowers plans to support Elephant’s growth in the U.S. personal auto market.

J.C. Flowers Makes Strategic Investment in TRICOR Insurance

November 8, 2021

Insurance

J.C. Flowers & Co. has made a strategic growth investment in TRICOR Insurance, a Top 100 independent insurance agency based in Lancaster, Wisconsin. The capital will be used to accelerate TRICOR's organic growth and support strategic acquisitions while founder Dave Fritz and the management team retain significant ownership and continue to lead the business.

J.C. Flowers Acquires iLendingDIRECT

May 3, 2021

Financial Services

J.C. Flowers & Co. LLC has completed its acquisition of iLendingDIRECT, a national auto refinance marketing company based in Englewood, Colorado. The private investment firm will install new board members and work with iLending management to scale the company's refinancing platform and growth opportunities; terms were not disclosed.

Intesa Sanpaolo Acquires First Bank (Romania) from J.C. Flowers

June 3, 2024

Financial Services

Italian banking group Intesa Sanpaolo has acquired First Bank S.A. (Romania) from private investment firm J.C. Flowers & Co.; terms were not disclosed. The deal combines First Bank with Intesa Sanpaolo Bank Romania to create a top-10 bank in Romania with roughly €3.2 billion in combined assets and over 140,000 customers.

J.C. Flowers Makes $125M Equity Investment in Capital Funding Bancorp (CFG Bank)

December 20, 2023

Financial Services

J.C. Flowers & Co. has completed a $125 million all-primary equity investment (expandable to $165 million) for a minority stake in Capital Funding Bancorp, Inc., the holding company for Baltimore-based CFG Bank. The growth-capital investment will support CFG Bank’s expansion of its national healthcare and multifamily lending businesses and bolster the bank’s ongoing growth trajectory.