JC Flowers Unloads Shares Of Encore Capital

Law360, New York (November 2, 2011, 7:32 PM EDT) -- A joint venture of private equity giant JC Flowers & Co. LLC is shedding some of its investments in consumer debt collection firm Encore Capital Group Inc., the firm said Wednesday.

JC Flowers and FPK Capital, which JC Flower acquired in 2006, plans to sell about 3.6 million shares in a public offering, according to an Encore filing with the U.S. Securities and Exchange Commission.

They bought 5.7 million shares in 2007, according to SEC filings. JC Flowers acquired FPK Capital along with the rest of...
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