19th Oct 2020 15:10
JZ Capital Partners Ltd - microcap-focused investment company - Agrees to sell interests in some US microcap companies to Hamilton Lane Advisors LLC for USD90 million in cash and a special LP interest in JZHL Secondary Fund LP, a fund to be formed and managed by JZ's investment manager Jordan/Zalaznick Advisers Inc.
Interests to be sold are in ACW Flex Pack LLC, Flow Controls Holding LLC, Testing Services Holdings LLC, Felix Storch Holdings LLC, Peaceable Street Capital LLC and TierPoint LLC.
Proceeds from the sale will go towards repaying part of its senior debt, realising value from its investments and implementing its investment policy aims.
Current stock price: 105.20 pence
Year-to-date change: down 66%
By Dayo Laniyan; [email protected]
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