JZ Capital Ptnrs Ltd JZCP Completes Sale of Two Investments
10 October 2016 - 5:00PM
UK Regulatory
TIDMJZCP
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.
Metpar
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."
Ends
For further information:
Ed Berry / Kit Dunford +44 (0) 20 3727 1143
FTI Consulting
David Zalaznick +1 212 485 9410
Jordan/Zalaznick Advisers, Inc
Paul Le Ray +44 (0) 1481 745815
JZ Capital Partners
About JZCP
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
END
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