JC Flowers, the US private equity group founded by former Goldman Sachs banker Christopher Flowers, has failed to offload NIBC for a second time after Icelandic financial group Kaupthing this morning withdrew a â¬3bn ($4.4bn) offer for the Dutch investment bank.
The cancellation of the Kaupthing deal comes nearly a year after NIBC postponed a stock market listing, which had been expected to give JC Flowers and the bankâs other shareholders a partial exit from the business bought 18 months earlier.
