JC FLOWERS WEIGHS SALE OF FRENCH LOAN INSURANCE BROKER CEP

US private equity firm JC Flowers is again considering plans to sell off French loan insurance broking unit Financiere CEP, Bloomberg has reported, citing unidentified people familiar with the matter. The sale could fetch up to €1.3bn, the sources said. Deliberations are at an early stage, but if JC Flowers ultimately opts to sell CEP, an auction could be held in the coming months, the report said. JC Flowers acquired CEP – then known as Cie Europeene de Prevoyance – from PAI Partners for €842m in 2011.