Parr, Flowers invest in Fox-Pitt deal

02/13/2006 | MSNBC

Gary Parr, vice-chairman of Lazard, has teamed with JC Flowers & Co., the private equity firm founded by Chris Flowers, to support the buyout of boutique investment bank Fox-Pitt, Kelton. Fox-Pitt has been concentrating on corporate finance recently, and says the buyout will allow it to broaden its range of products.

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