J.C. Flowers invests in Kessler Group

Company management and affiliates of J.C. Flowers & Co. LLC, a private equity firm, announced today they will invest $100 million for a minority stake in the Kessler Group.

Based in Boston, the Kessler Group is a privately owned financial-services firm that specializes in partnership development, credit card marketing, affinity marketing, and portfolio acquisitions.

Following the transaction, the Kessler Group said it plans to "develop a business focused on investment opportunities in the credit card industry."

J.C. Flowers is headquartered in New York.
(By Chris Reidy, Globe staff)