JC Flowers is ready to pursue more opportunities to buy assets in the German financial sector, the private equity group said after it succeeded in leading a bid to take a substantial stake in Hypo Real Estate, the property lender.

HRE investors have tendered at least 24.13 per cent of the company’s shares to a consortium led by JC Flowers, marking one of the biggest private equity incursions into a group in Germany’s benchmark Dax 30 index.