21st Oct 2014 08:18
LONDON (Alliance News) - JZ Capital Partners Ltd on Tuesday said it has agreed a deal to sell its equity stake in Milestone Aviation Group Ltd to GE Capital Aviation Services for USD40 million.
The London and Channel Islands-listed private equity fund originally invested in the helicopter leasing company in 2010 and has invested USD15.1 million to date.
JZ also said it has acquired a 21% stake in Paragon Water Systems, which makes portable water filtration systems, for USD9.2 million.
JZ Capital shares were untraded on Tuesday. The stock last traded at 416.5 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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