JZ Capital Partners says it has committed €75m to JZI Fund III, the successor fund to its EuroMicrocap 2010 fund. In total the new fund raised €237m, €25m of which came from David Zalaznick and Jay Jordan, along with the European management team.
JZI Fund III will invest principally in lower middle market companies in Western Europe, focusing on businesses with enterprise values between €15 million and €150 million and the ability to generate EBITDA of €5
million to €20 million per annum.
As part of the transaction, three pre-agreed investments will be transferred to Fund III from Fund II, including: Fincontinuo, a niche consumer finance company in Italy; Petrocorner, a petrol station build-up in Spain; and S.A.C, a van leasing company in Denmark.
JZCP : JZ Capital commits €75m to its new EuroMicrocap fund