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
FTI Consulting |
+44 (0) 20 3727 1143 |
David Zalaznick
Jordan/Zalaznick Advisers, Inc |
+1 212 485 9410 |
Paul Le Ray
JZ Capital Partners |
+44 (0) 1481 745815 |
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