JZ Capital Net Asset Value Boosted By Bolder Healthcare Solutions Sale

12th Mar 2018 13:46

LONDON (Alliance News) - JZ Capital Partners Ltd said Monday it will net USD108.0 million of gross proceeds from the sale of US-based firm Bolder Healthcare Solutions.

JZ is selling Bolder Healthcare to a subsidiary of Cognizant. Bolder Healthcare, JZ said, was founded through a co-investment partnership between JZ and Edgewater Funds.

The gross proceeds will result in an increase in net asset value of around USD35.1 million, or 4.3%, as of the end of January.

Investment adviser to JZ David Zalaznick said: "This will be a significant transaction that demonstrates JZCP's ability to consistently realise key assets at, or above, net asset value.

"Our CEO, Mike Shea, and his management team at BHS did a superb job, and we appreciate all their efforts that made this such a successful transaction."

Shares in JZ Capital were up 3.8% on Monday at a price of 465.00 pence each.

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