Australia’s Macquarie Group is in talks about a takeover of Fox-Pitt Kelton, a small UK-based financial services firm partly owned by private equity firm JC Flowers, reports DealJournal. While no deal has been finalised, Fox-Pitt could fetch a price in the $150m range – more than double what Chris Flowers paid for it in 2006, said people close to the talks. On Wednesday Macquarie agreed to acquire Delaware Investments  from US insurer Lincoln National for $428m.

This entry was posted by Gwen Robinson on Friday, August 21st, 2009 at 4:49 and is filed under Capital markets, M&A, Private equity. Tagged with fox-pitt kelton, jc flowers, macquarie. Edit this entry.