JZ CAPITAL PARTNERS EXPANDS PORTFOLIO WITH TWO U.S. ACQUISITIONS
25 November 2014
JZ Capital Partners Limited (LSE:JZCP.L or "JZCP"), the London listed private equity fund that invests in high quality US and European microcap companies, has expanded its US vertical portfolio by making two acquisitions alongside Edgewater Funds LP ("Edgewater").
JZCP and Edgewater invested $1.6 million each to acquire Action Products Marketing Corporation and ConShield Technologies Incorporated ("APMCS"), an infrastructure rehabilitation company headquartered in Johnston, Iowa. The company specialises in formulating and selling cementitious manhole and pipe rehabilitation products and provides the associated equipment used for application itself. The acquisition of APMCS is the third for the water infrastructure sub-vertical and the sixth for the water business overall.
JZCP and Edgewater also invested $1.31 million each to acquire PPM Information Solutions, Inc. ("PPMIS"), an anaesthesia billing software and service company. PPMIS operates two business lines, generating revenue from its proprietary billing and practice management software platform used by anaesthesia practices and other billing companies, and by providing outsourced medical billing services to anaesthesia practices. The acquisition of PPMIS is the third for the Bolder Healthcare Solutions vertical.
David Zalaznick, JZCP's Founder and Investment Adviser, commented:"Both acquisitions demonstrate the scope and expansion of our US portfolio and the strength of our investment pipeline. We are confident in the growth prospects of both companies and look forward to assisting them in reaching their full potential.
Both APMCS and PPMIS hold strong positions in their respective sectors and offer considerable opportunities to expand product range to appeal to their customers. We look forward to working with our co-investor Edgewater and the management teams of both companies over the coming years."
For further information:
Ed Berry / Kit Dunford +44 (0) 20 3727 1143
David Zalaznick +1 212 572 0800
Jordan/Zalaznick Advisers, Inc.
Andrew Maiden +44 (0) 1481 745368
JZ Capital Partners
JZCP is a London and Channel Islands listed private equity fund which invests in high quality US and European microcap companies. Its objective is to achieve a superior overall return comprised of a current yield and significant 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 microcap 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.
This information is provided by RNS