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Closes Sale of Winn Group

13th Sep 2016 07:00

JZ CAPITAL PARTNERS LTD - Closes Sale of Winn Group

JZ CAPITAL PARTNERS LTD - Closes Sale of Winn Group

PR Newswire

London, September 12

JZ CAPITAL PARTNERS CLOSES SALE OF WINN GROUP

13 September 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 closed the sale of its minority stake in Winn Group (“Winn”) (held through the EuroMicrocap Fund 2010, L.P. (“EMC 2010”)) to a major financial institution for €20.8 million ($23 million)[1] following the receipt of regulatory approval.

Founded in 2002, Winn is a Newcastle-based UK legal services firm specialising in personal injury cases.

The announcement marks the completion of the two-phase transaction to sell JZCP’s stake in six European investments held through EMC 2010 to the same financial institution, which was originally announced in February 2016.

Ends

For further information:

Ed Berry / Kit Dunford +44 (0) 20 3727 1143FTI Consulting

David Zalaznick +1 212 485 9410Jordan/Zalaznick Advisers, Inc.

Paul Le Ray +44 (0) 1481 745815JZ Capital Partners

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

[1] Original sale price fixed at €21.1 million, plus 8% interest from February 1, 2016 through June 30 2016, minus a distribution to JZCP in that period of €1.1 million


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