J.C. Flowers & Co

• J.C. Flowers-Led Investor Group Acquires Republic Finance (With Nowlake Technology)

  June 26, 2026

  Buyer

  J.C. Flowers & Co., Nowlake Technology, LLC

  Target

  Republic Finance

  Seller

  CVC Capital Partners

  Industry

  Financial Services

  Location

  Texas, United States

  Type

  Buyout

  Republic Finance has entered into a definitive agreement to be acquired by an investor group led by J.C. Flowers & Co., together with Nowlake Technology, LLC. CVC Capital Partners—Republic’s majority owner—will exit its investment, while the Phillips family will retain an equity interest; Republic’s management team will continue to lead the company.

• J.C. Flowers Acquires Monte Paschi Banque SA to Expand French Lending Platform

  June 2, 2026

  Buyer

  J.C. Flowers & Co., J.C. Flowers 26 Co.

  Target

  Monte Paschi Banque SA

  Seller

  Monte dei Paschi di Siena S.p.A.

  Industry

  Financial Services

  Location

  France

  Type

  Buyout

  J.C. Flowers & Co. (J.C. Flowers) acquired Monte Paschi Banque SA, a French lending specialist and former French subsidiary of Monte dei Paschi di Siena. The bank will be renamed and aims to grow by partnering with independent financial advisors while expanding tailored lending and working-capital solutions for entrepreneurs and real estate owners in France.

• J.C. Flowers & Co. to Acquire Controlling Stake in Niyam Group and Launch Niyam Syndicate 2047 at Lloyd's

  March 31, 2026

  Buyer

  J.C. Flowers & Co.

  Target

  Niyam Group, Niyam Syndicate 2047

  Industry

  Insurance

  Location

  Gujarat, India

  Type

  Buyout

  J.C. Flowers & Co. has entered into an agreement to acquire a controlling stake in Niyam Group, a reinsurance platform based in Gujarat International Finance Tec-City (GIFT City). The firm will also act as lead investor in Niyam Syndicate 2047, a newly established Lloyd’s syndicate expected to begin underwriting on April 1.

• Pepper Advantage Acquires Computershare Loan Services (UK Mortgage Servicing)

  February 2, 2026

  Buyer

  Pepper Advantage, J.C. Flowers & Co.

  Target

  Computershare Loan Services

  Seller

  Computershare

  Industry

  Financial Services

  Location

  United Kingdom

  Type

  Buyout

  Pepper Advantage has completed its acquisition of Computershare’s UK mortgage servicing business, Computershare Loan Services. The deal expands Pepper’s UK footprint and increases its assets under management while extending its PRISM credit management platform across the acquired loan servicing portfolio, including Zephyr and Topaz Finance lending operations.

• J.C. Flowers Acquires Elephant Insurance from Admiral Group

  December 31, 2025

  Buyer

  J.C. Flowers & Co.

  Target

  Elephant Insurance Company, Elephant Insurance Services

  Seller

  Admiral Group plc

  Industry

  Insurance

  Location

  Virginia, United States

  Type

  Buyout

  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 & Co. Acquires Insurance Broker Caleas Srl

  July 31, 2025

  Buyer

  J.C. Flowers & Co., JCF Funds (investment vehicles affiliated with J.C. Flowers & Co.)

  Target

  Caleas Srl

  Seller

  Founders (Dr. Andrea Cardini and Mr. Carlo Lecchi), Company management / existing shareholders (retaining a minority stake)

  Industry

  Financial Services

  Location

  Lombardy, Italy

  Type

  Addon

  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.

• Sixth Street-led Group Acquires Enstar Group for $5.1 Billion

  July 2, 2025

  Buyer

  Sixth Street, Liberty Strategic Capital, J.C. Flowers & Co. LLC, Other institutional investors

  Target

  Enstar Group Limited

  Seller

  Enstar shareholders

  Industry

  Insurance

  Location

  Bermuda

  Type

  Buyout

  Investment vehicles managed by affiliates of Sixth Street, with co-investors Liberty Strategic Capital, J.C. Flowers & Co. LLC and other institutional investors, acquired Enstar Group Limited for $338.00 per share, representing a total equity value of $5.1 billion. The transaction takes Enstar private and is intended to provide liquidity to shareholders while supporting Enstar’s next chapter and long-term strategy as a privately held global (re)insurance group.

• J.C. Flowers Acquires wefox Italia

  June 16, 2025

  Buyer

  J.C. Flowers & Co.

  Target

  wefox Italia

  Industry

  Financial Services

  Location

  Lombardy, Italy

  Type

  Buyout

  J.C. Flowers & Co., a private investment firm focused on financial services, has completed the acquisition of wefox Italia, an Italian insurtech and managing general agent. The company will continue to operate independently under its existing leadership, with a focus on technological innovation and growth in the Italian insurance market; terms were not disclosed.

• TowerBrook/J.C. Flowers-led Consortium Acquires Railsr and Combines It with Equals Money

  April 29, 2025

  Buyer

  TowerBrook Capital Partners L.P., J.C. Flowers & Co., D Squared Capital, Moneta Capital, Lingotto Investment Management

  Target

  Railsr, Equals Money

  Industry

  Payments & Fintech

  Location

  England, United Kingdom

  Type

  Addon

  A consortium led by funds managed by TowerBrook Capital Partners and J.C. Flowers & Co., alongside investors including D Squared Capital, Moneta and Lingotto, has completed the acquisition of Railsr and combined it with Equals Money (recently taken private by the same group). The deal creates one of Europe’s largest embedded finance and BaaS/CaaS platforms, expanding capabilities across multi-currency accounts, FX, corporate cards, and embedded finance infrastructure.

• J.C. Flowers Acquires Pepper Advantage from Pepper Global

  November 5, 2024

  Buyer

  J.C. Flowers & Co.

  Target

  Pepper Advantage

  Seller

  Pepper Global

  Industry

  Financial Services

  Location

  United Kingdom

  Type

  Buyout

  Pepper Advantage, a global credit management firm, has agreed to be sold by its owner Pepper Global to J.C. Flowers & Co., subject to regulatory approvals and customary closing conditions. The transaction is expected to complete in the first quarter of 2025, with Pepper Advantage continuing to operate as an independent entity under its existing management team.

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

  December 20, 2023

  Buyer

  J.C. Flowers & Co. LLC

  Target

  Capital Funding Bancorp, Inc. (CFG Bank)

  Industry

  Financial Services

  Location

  Maryland, United States

  Type

  Growth capital

  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.

• J.C. Flowers Makes Strategic Investment in TRICOR Insurance

  November 8, 2021

  Buyer

  J.C. Flowers & Co., LLC

  Target

  TRICOR Insurance

  Industry

  Insurance

  Location

  Wisconsin, United States

  Type

  Growth capital

  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.

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