Summary
NEW YORK (HedgeWorld.com) - Refco Inc. announced Monday that it is in advanced negotiations with a group of investors for the sale of Refco's futures brokerage business, conducted through Refco LLC, Refco Overseas Ltd., and Refco Singapore Pre. Ltd., as well as related subsidiaries.
The group pursuing a purchase is led by J.C. Flowers & Co., the announcement said. J.C. Flowers is a private equity firm specializing in financial services run by Christopher Flowers, formerly of Goldman Sachs & Co. Goldman is serving as Refco's financial adviser.See the full content of this document
Extract
Refco & Flowers in Advanced Negotiations'
Mr. Flowers, who worked on mergers and acquisitions at Goldman, is the largest shareholder of Shinsei Bank Ltd. and the Enstar Group In...
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