J.C. Flowers & Co. has bought Monte Paschi Banque, a French lending specialist previously owned by Monte dei Paschi di Siena.
Following the acquisition, the bank will undergo a rebranding and pursue a growth strategy focused on partnerships with independent financial advisors, offering niche products including mortgages, Lombard loans, asset-backed credit facilities, deposit products and specialized working capital solutions.
Monte Paschi Banque operates from offices in Paris, Marseille, Nice, Lyon and other locations across southern France. The bank serves a customer base that includes real estate owners and entrepreneurs and plans to expand its tailored lending and deposit offerings in the French market. Michele Antognoli, formerly CEO of BFF Spain, has been appointed chief executive officer, while Garo Filibosoglu, previously a management board member at CFCAL, will serve as deputy CEO and chief commercial officer overseeing business development.