BOSTON – J.C. Flowers & Co., the private equity fund that has agreed to acquire student loan giant Sallie Mae, said Friday it has agreed to take a minority stake in credit card investment bank The Kessler Group. The Kessler Group is one of the pioneers of the affinity credit card concept, which created new profit opportunities for financial institutions. The company also helps credit unions manage and sell their credit card portfolios. In addition, Kessler said it is launching Kessler Capital Corp.
Processing Content
