Japan banking: Flowers’ 20-year journey in and out of Shinsei

The purchase of Long-Term Credit Bank by JC Flowers and Ripplewood in 2000, creating Shinsei Bank, was a landmark for foreign participation in Japanese banking. Chris Flowers exited most of his holding this year and reflects on what he learned over two decades.

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JAPAN FOCUS

One of the most striking transactions in Japanese banking history took place in 2000 when a failed institution, Long-Term Credit Bank of Japan, was bought by two foreign private equity groups, JC Flowers and Ripplewood, making it the first Japanese lender ever to be owned by foreign investors.

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