JZ CAPITAL PARTNERS REALISES TWO INVESTMENTS FOR $11.5 MILLION
10 October 2016
JZ Capital Partners Limited (LSE:JZCP.L or “JZCP”), the London listed fund that invests in US and European micro-cap companies and US real estate, has realised two of its investments, Southern Petroleum Laboratories (“SPL”) and Metpar, for a combined $11.5 million.
Southern Petroleum Laboratories
JZCP received proceeds of $8.4 million from the sale of SPL, a leader in oil & gas measurement and laboratory services, which is approximately the company’s carrying value. JZCP also received warrants for approximately $0.5 million on day one value in the new buyer as well as a dividend of $1.3 million from SPL in July 2015.
JZCP received proceeds of $3.1 million from the refinancing of Metpar, a manufacturer of restroom partitions, which is a significant uplift to the company’s carrying value of $0.8 million. JZCP received proceeds of $3.1 million over the lifetime of the Metpar investment in addition to the $3.1 million recently received.
David Zalaznick, JZCP’s Founder and Investment Adviser, commented: “We are pleased with the outcomes of both of these sales, particularly with SPL given the challenging energy market, and wish the companies the best of luck for the future.”
For further information:
|Ed Berry / Kit Dunford
|+44 (0) 20 3727 1143|
Jordan/Zalaznick Advisers, Inc
|+1 212 485 9410|
|Paul Le Ray
JZ Capital Partners
|+44 (0) 1481 745815|
JZCP is a London listed fund which invests in US and European micro-cap companies and US real estate. Its objective is to achieve an overall return comprised of a current yield and capital appreciation. JZCP receives investment advice from Jordan/Zalaznick Advisers, Inc. (“JZAI”) which is led by David Zalaznick and Jay Jordan. They have worked together for 30 years and are supported by teams of investment professionals in New York, Chicago, London and Madrid. JZAI’s experts work with the existing management of micro-cap companies to help build better businesses, create value and deliver strong returns for investors. JZCP also invests in mezzanine loans, first and second lien investments and other publicly traded securities. For more information please visit www.jzcp.com