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Disposal

17 Nov 2015 07:00

JZ CAPITAL PARTNERS LTD - Disposal

JZ CAPITAL PARTNERS LTD - Disposal

PR Newswire

London, November 16

JZ CAPITAL PARTNERS RECEIVES PROCEEDS OF $21.4 MILLION FROM SALE OF JUSTRITE

17 November 2015

JZ Capital Partners Limited (LSE:JZCP.L or “JZCP”), the London listed fund that invests in high quality US and European microcap companies and US real estate, is pleased to announce the sale of its investment in Justrite Manufacturing Company (“Justrite”) for $21.4 million.

Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner.

JZCP first invested in Justrite in June 2011 alongside an investor group led by the US private equity arm of Baird Capital. JZCP’s investment was $6.1 million.

David Zalaznick, JZCP’s Founder and Investment Adviser, commented: “We invested in Justrite as part of our strategy to co-invest with strong sponsors such as Baird Capital. We appreciate the management team’s effort to make this a success.

Proceeds from the sale will allow the Company to take advantage of the healthy pipeline of opportunities to acquire high quality companies and real estate assets at reasonable prices, and build on its track record of delivering attractive long-term returns for our investors.”

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, Ltd.+44 (0) 1481 745815

About JZCP

JZCP is a London listed fund which invests in high quality US and European microcap companies and US real estate. 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.

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