JC Flowers Injects $105M Into New UK Mortgage Lender

Law360, New York (October 1, 2012, 7:51 PM EDT) -- Private equity firm JC Flowers & Co. LLC has invested £65 million ($105 million) in a new British financial services company focused on retail mortgages known as Castle Trust, the new company announced Monday.

With its cash injection, JC Flowers, a financial services-focused private equity firm run by billionaire J. Christopher Flowers, joined the ranks of ex-Financial Services Authority chairman Callum McCarthy, former Secretary of State for the Environment John Gummer and former chairwoman of the National Consumer Council Deirdre Hutton on the board of Castle...
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