Register Log-in Investor Type


QuotedData’s morning briefing 10 November 2022

a coffee pot and a mug, good morning from QuotedData

In QuotedData’s morning briefing 10 November 2022:

  • JZ Capital Partners (JZCP) is clawing its way back to normality, reporting an NAV at 31 August 2022 of $4.71, up from $4.29 at 28 February 2022, and a much less problematic debt burden – now just reduced to a $45.0m Senior Term Loan Facility due 26 January 2027 and $31.5m of Subordinated Notes due 30 September 2023 under a facility made available by affiliates of Jay Jordan and David Zalaznick (the managers and large shareholders in the company – it would still be nice to see this gone).
  • Apax IX Fund has sold its entire stake in  Kepro, a leading provider of tech-enabled solutions to government-sponsored healthcare programs. The transaction values Apax Global Alpha’s look-through stake at approximately €20.6m, an uplift of about €0.8m to the trust’s NAV.

We also have news of a new manager for Majedie, and results from Schroder Income Growth

previous story | next story

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…