Monday 25 October 2010

Kent Reliance Transfer to One Bank - JC Flowers Private Equity Deal

Some rather interesting information has come to light from web sources regarding this deal by Kent Reliance.

One of JC Flowers reported other targets has said:

“Unlike Kent Reliance, we are well capitalized and a financially strong business, therefore we have no reason to join JC Flowers as part of a supermutual.”

Another site says

"The deal is likely to prove controversial, given founder Chris Flowers's reputation as a tough deal maker with no previous interest in mutuality."

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