J.C. Flowers & Co. said that the J.C. Flowers Asset Reconstruction Company (ARC) has closed the acquisition of a pool of nonperforming assets (NPAs) from YES BANK, an Indian private sector bank. The acquired NPAs have a principal balance of INR 480 billion ($6 billion), said the American private investment firm. Prashant Kumar — YES […]
Argo Group International, an underwriter of specialty insurance and reinsurance products, has agreed to divest Ariel Re, its reinsurance business, to private equity investors Pelican Ventures and J.C. Flowers & Co. The financial terms of the deal were not disclosed. Kevin J. Rehnberg – Argo Group International CEO said: “Ariel Re is well known in […]
