J.C. Flowers Agrees to Acquire a 25 Percent Stake in Banca Comercială Carpatica (CEE and CIS)

Source: Banca Comercială Carpatica, SeeNews  |  Author(s): Doinita Dolapchieva

Global private equity firm J.C. Flowers has agreed to acquire a 25 percent stake in Romania-based lender Banca Comercială Carpatica from existing shareholders. The transaction will be structured through J.C. Flowers III. J.C. Flowers additionally expressed interest in subscribing to a private placement in the company to further increase its shareholding. Financial details of the transaction, which is subject to approval by the National Bank of Romania, were not disclosed.