The Enstar Group Inc., Montgomery, Ala., will provide up to $10 million to an affiliate of J.C. Flowers I LP as part of the latter's investment in CFN Investment Holdings LLC, the group that is looking to purchase Conseco Financial Corp.J. Christopher Flowers, the manager of J.C. Flowers I LP, is the vice chairman of Enstar and its largest shareholder. Enstar said approximately $3 million has already been advanced to J.C. Flowers from cash on hand at Enstar. The rest of the commitment will be funded from cash on hand as well. The other investors in CFN are Fortress Investment Group LLC and Cerberus Capital Management LP, both of New York.
Processing Content
