Overview
JZ Capital Partners is a listed private equity-driven fund which invests primarily in high quality US and European micro cap companies. Its investment objective is to provide a superior overall return comprised of a current yield and significant capital appreciation by typically investing up to US$35 million in companies with an enterprise value of up to US$200 million.
The fund’s website can be found here.
Fundamentals
Price
Research History
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14 Jul 2020 9 min read
QuotedData’s Investment Companies Quarterly Review – Second Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit When the going gets […]
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07 May 2020 8 min read
QuotedData’s Investment Companies Roundup – May 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over April: An update note […]
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17 Apr 2020 8 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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12 Nov 2019 5 min read
QuotedData’s investment companies roundup – November 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over October, we published notes on Pacific Horizon, Seneca Global Income & Growth, Premier Global Infrastructure, Polar Capital Global Financials, Ecofin Global Utilities and Infrastructure, Aberdeen Standard European Logistics Income and Herald. Additionally, as part of our enhanced coverage of the property sector, we launched […]
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11 Sep 2019 3 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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04 Apr 2019 1 min read
QuotedData’s investment companies roundup – April 2019
QuotedData’s investment companies roundup – April 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2019. Kindly sponsored by Baillie Gifford. JPMorgan Indian, India Capital Growth, Aberdeen New India and Ashoka India Equity Investment […]
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18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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15 Aug 2018 1 min read
QuotedData’s investment companies roundup – August 2018
QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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10 Nov 2017 1 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
News
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07 Nov 2024 1 min read
QuotedData’s morning briefing 7 November 2024 – JZCP, HMSO, API, CREI
In QuotedData’s morning briefing 7 November 2024: JZ Capital Partners (JZCP) announced its interim results for the period ended 31 August 2024. The company delivered a NAV per share return of 2%. Total realisation and distribution proceeds were $44.2m following the successful realisations of Karium and My Lender and, post-period, amongst other smaller realisations, the […]
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10 Jul 2024 1 min read
QuotedData’s morning briefing 10 July 2024 – JZCP, SURE
In QuotedData’s morning briefing 10 July 2024: JZ Capital Partners (JZCP) has announced more detail on its planned return of capital to shareholders. The company will hand back about $40m on 25 July 2024 by redeeming 9,803,921 shares at $4.08 per share, equivalent to about 12.65% of investors’ shareholdings. The cash should be received by […]
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30 May 2024 1 min read
QuotedData’s morning briefing 30 May 2024 – JZCP, MINI, PCGH
In QuotedData’s morning briefing 30 May 2024: JZ Capital (JZCP) is calling a meeting of shareholders to ask them to make the company’s ordinary shares redeemable. That will help expedite returns of capital as the company continues its managed wind down. Separately, it announced results that showed its NAV was not much changed over the […]
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13 May 2024 1 min read
QuotedData’s morning briefing 13 May 2024 – ROOF, GRID, JZCP, FSFL
In QuotedData’s morning briefing 13 May 2024: Atrato Onsite Energy (ROOF) has announced that it has made two solar investments, totalling £6.4m. It acquired a portfolio comprising 7.3MW of solar PV systems situated on two commercial sites in the UK which benefit from corporate offtake arrangements with fixed uplifts. Both are located on automotive manufacturing […]
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18 Apr 2024 1 min read
JZ Capital proposes follow on investment in Flex Pack and $40m capital return
JZ Capital Partners wants to invest up to about US$20.5m into the Secondary Fund managed by an affiliate of JZCP’s manager. The money would be used to help the Secondary Fund make an investment into a newly incorporated company – Follow-on Flex Pack – that will be a related company of, and incorporated in a […]
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18 Dec 2023 1 min read
QuotedData’s morning briefing 18 December 2023 – USF, GABI, JZCP, RC2
In QuotedData’s morning briefing 18 December 2023: US Solar (USF) has announced that six of its Oregon projects have signed new long-term contracts to sell Renewable Energy Certificates (RECs). The REC contracts and revised estimates of future REC prices are expected to increase USF’s NAV by c.$7.6m based on the 30 September NAV ($286.3 million) […]
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09 Nov 2023 2 min read
QuotedData’s morning briefing 9 November 2023 – MUT, JZCP, HOT, DGN, AEI, HOME, RGL, SHED
In QuotedData’s morning briefing 9 November 2023: Murray Income says it will pay three interim dividends of 9.5p in December, March 2024 and June 2024. Up from 8.25p for the previous financial year. The directors are trying to rebalance the trust’s quarterly dividends in order to accelerate payments to shareholders. As a result, the board […]
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15 Feb 2023 2 min read
QuotedData’s morning briefing 15 February 2023
In QuotedData’s morning briefing 15 February 2023 JZ Capital Partners (JZCP) has announced that following a number of recent realisations of its investments, it has undertaken an early voluntary redemption in full of its subordinated 6 per cent. loan notes, paying approximately US$32 million in respect of the principal and interest outstanding. Following the voluntary […]
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03 Jan 2023 2 min read
QuotedData’s morning briefing 3 January 2023
Happy New Year to our readers. In QuotedData’s morning briefing 3 January 2023: Tufton Oceanic Assets (SHIP) has agreed to sell its last containership, the Riposte, for $13.0m (about equal to its depreciated replacement cost), following which its fleet will consist of twenty-two vessels. The realised net IRR on the Riposte exceeds 12%. In aggregate, the […]
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19 Dec 2022 1 min read
QuotedData’s morning briefing 19 December 2022
In QuotedData’s morning briefing 16 December 2022: JPMorgan Global Core Real Assets (JARA) has announced its quarterly NAV and portfolio update. During the quarter to 30th November 2022 JARA paid a dividend of 1p per share, bringing the total return for the quarter to -3.8% and the total return for the year to 30th November […]
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10 Nov 2022 1 min read
QuotedData’s morning briefing 10 November 2022
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 […]
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03 Oct 2022 2 min read
QuotedData’s morning briefing 3 October 2022
In QuotedData’s morning briefing 3 October 2022: Jasmine Yeo has been made co-manager of Ruffer Investment Company (RICA). She joins Duncan MacInnes who has co-managed the company since October 2016. Jasmine graduated from Warwick Business School with a degree in international business with Spanish, and joined Ruffer’s UK private client team in 2017. She became […]
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26 Aug 2022 3 min read
QuotedData’s morning briefing 26 August 2022
In QuotedData’s morning briefing 26 August 2022: Greencoat UK Wind (UKW) has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm, as previously announced on 16 May 2022 (click here to read our coverage of the announcement). JZ Capital Partners (JZCP) has announced that, subject to the satisfaction of certain […]
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23 Jun 2022 2 min read
QuotedData’s morning briefing 23 June 2022
In QuotedData’s morning briefing 23 June 2022: BlackRock World Mining Trust (BRWM) says that the up coming IPO of Ivanhoe Electric Inc. on Friday, 24 June 2022 would, at the mid-point of the announced IPO valuation range, add about 1.4% to its NAV. The trust’s investment consists of common shares of Ivanhoe Electric Inc. and […]
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23 May 2022 1 min read
JZ Capital Partners to benefit from portfolio holding sale in JZHL Secondary Fund
JZ Capital Partners to benefit from portfolio holding sale in JZHL Secondary Fund – JZ Capital Partners (JZCP), has provided a further update in relation to its interest in the secondary fund, JZHL Secondary Fund, which was the fund it had earlier sold its interests in certain US microcap portfolio companies to. Since JZCP’s last […]
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07 Apr 2022 2 min read
QuotedData’s morning briefing 7 April 2022
In QuotedData’s morning briefing 7 April 2022: Augmentum Fintech (AUGM) is getting a boost from a series C financing round for Grover (a Berlin-based consumer tech platform). Grover has raised $330m in equity and debt. Augmentum will write up the value of its stake by £24.1m (more than double – Augmentum first invested in Grover […]
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27 Jan 2022 3 min read
QuotedData’s morning briefing 27 January 2022
In QuotedData’s morning briefing 27 January 2022: ICG Enterprise Trust (ICGT) is investing in Brooks Automation alongside funds advised by Thomas H. Lee Partners. The trust has an investment in THL Fund IX and will have exposure to the deal that way, but it will also make a direct investment in Brook Automation. Altogether – […]
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11 Nov 2021 2 min read
QuotedData’s morning briefing 11 November 2021
In QuotedData’s morning briefing 11 November 2021: Third Point Investors (TPOU) looks sets to benefit from the IPO of Rivian Automotive. It invested $10m in the electric vehicle maker in January 2021, followed by a subsequent $167m investment in the company’s convertible note financing in July 2021. Third Point added to its position in the […]
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07 Oct 2021 1 min read
QuotedData’s morning briefing 7 October 2021
In QuotedData’s morning briefing 7 October 2021: JZ Capital Partners has agreed with its existing senior lenders to borrow a further amount of $16.0m under its senior secured debt facility. This is a ‘first out loan’ which means it gets repaid first as the company frees up cash from its portfolio. The interest rate is […]
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21 Jun 2021 3 min read
QuotedData’s morning briefing 21 June 2021
In QuotedData’s morning briefing 21 June 2021: JZ Capital Partners (JZCP) has sold its portfolio holding Salter Labs, for approximately $41m. The company’s interest in Salter Labs is currently valued at around $37.6m. Further proceeds of approximately $750,000 have also been placed in escrow whereby some or all, depending on the outcome of certain closing adjustments, […]
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28 May 2021 1 min read
JZ Capital Partners calls EGM to issue loan notes to the managers
In a move somewhat reminiscent of Infrastructure India’s funding arrangements (where an entity connected to its manager and largest shareholder provided debt financing to the company), JZ Capital Partners (JZCP) has issued a circular and has announced that it is calling an EGM relating to its proposed issuance of loan notes to David W. Zalaznick […]
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19 May 2021 2 min read
JZ Capital Partners has a better second half thanks to US and European micro-cap portfolio
JZ Capital Partners (JZCP), which has investments in US and European micro-cap companies, as well as real estate properties in the US, announced annual results to 28 February 2021. Its NAV fell from $4.60 at 31 August 2020 (the interim period end) to $4.25, as at 28 February 2021. The NAV stood at $6.14, as at 29 February […]
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17 May 2021 2 min read
QuotedData’s morning briefing 17 May 2021
In QuotedData’s morning briefing 17 May 2021 – Baillie Gifford European Growth’s (BGEU’s) interim results to 31 March 2021 brought a total NAV return of 8.7%, which it says compared with a total return of 12.2% for the FTSE Europe ex UK index, in sterling terms. BGEU#s shareholder return over the same period was 11.7%. […]
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19 Oct 2020 5 min read
JZ Capital sells part of US Microcap portfolio
JZ Capital sells part of US Microcap portfolio – JZ Capital Partners Limited has agreed to sell its interests in certain US microcap portfolio companies to a secondary fund led by Hamilton Lane Advisors, L.L.C. The sale will be structured as a sale to a newly formed fund, JZHL Secondary Fund LP, managed by an affiliate of […]
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08 Oct 2020 1 min read
JZ Capital breaches debt covenant
JZ Capital breaches debt covenant – JZ Capital has confirmed that it has not yet reached final agreement with its lenders as to the amended terms of its senior facility with Guggenheim Partners and is therefore in breach of its minimum asset coverage ratio and in default under the facility. The company is in discussions and […]
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17 Sep 2020 2 min read
JZ writedown breaches loan covenant
JZ writedown breaches loan covenant – JZ Capital expects to write off another $80m to $100m from the valuation of its property portfolio. A new revaluation takes into account the effect of COVID on the fund’s properties. “As a consequence of the aforementioned write downs, the Company currently expects that it will require a waiver under […]
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15 Jul 2020 2 min read
JZ Capital Partners calls August EGM to amend investment policy
On 22 April, JZ Capital Partners (JZCP) announced a proposed change to its investment policy, to which it would make no further investments except in respect of which it has existing obligations or to the extent that investment is applied to provide support to selected existing investments. The intention of the change is to realise the […]
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18 Jun 2020 3 min read
JZ Capital has decided to hide from investors
JZ Capital has decided to hide from investors – it says “in the light of the uncertainties about the valuation that results from Covid-19, the company is suspending its monthly NAV announcements until circumstances allow the company to make informed judgements as to value. In addition, for the same reason, further informed commentary about the […]
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22 Apr 2020 1 min read
JZ Capital will make no new investments
JZ Capital will make no new investments – JZ Capital Partners Limited has announced a proposed change to its investment policy. If shareholders agree (and they almost certainly will) the company will make no further investments except where it has to meet existing obligations or to the extent that investment is required to support existing investments. The intention […]
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02 Apr 2020 2 min read
QuotedData’s morning briefing 2 April 2020
In QuotedData’s morning briefing 2 April 2020 JZ Capital makes probably the least useful announcement we have seen to date on COVID-19 – highlights include “At this time, given the general levels of uncertainty, it is difficult to accurately gauge the potential impact of the COVID-19 outbreak on the company. However, the outbreak is currently having […]
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16 Mar 2020 1 min read
JZ Capital Partners secondary sale delayed
JZ Capital Partners (JZCP) has said that in light of the covid-19 outbreak, the previously announced US secondary sale has been delayed. Whilst the duration and impact of COVID-19 is uncertain at this time, the company remains committed to its strategy of realising value from its investment portfolio including via the secondary sale, and to […]
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24 Feb 2020 1 min read
JZ Capital Partners updates on real estate write-downs
JZ Capital Partners (JZCP), the London listed fund that invests in US and European micro-cap companies and US real estate, has announced that it has now received preliminary appraisals for all its real estate portfolio assets for the valuation period as of February 29, 2020. The appraisals indicate further net write-downs, in reflection of which the […]
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10 Feb 2020 1 min read
JZ Capital Partners expects to write-down real estate by around $102m
JZ Capital Partners (JZCP) invests in US and European micro-cap companies and US real estate. The company has this morning announced that it has begun receiving preliminary appraisals for its real estate portfolio assets for the valuation period as of February 29, 2020. In line with the company’s previously announced expectation in its interim results, released […]
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27 Nov 2019 4 min read
JZ Capital focused on debt reduction
JZ Capital focused on debt reduction – JZ Capital Partners has now published its interim results, covering the six months ended 31 August 2019. The results had been delayed while the board secured a new valuation of its property portfolio. The company warned that it might have to take $50m-$150m off the valuation of its […]
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1 min read
QuotedData’s other news 27 November 2019
In QuotedData’s other news 27 November 2019 Leaf Clean Energy (LEAF) is to hold an extraordinary general meeting on December 17 2019 as its board has concluded that it is no longer necessary for the shares to be admitted to trading on AIM and is therefore proposing the cancellation. Following the recent return of £21.5m to […]
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01 Nov 2019 2 min read
QuotedData’s other news 1 November 2019
In QuotedData’s other news 1 November 2019 RM Secured Direct Lending has renewed and amended its revolving credit facility with OakNorth. Under the terms of the amended facility, the company may draw down loans up to an aggregate value of GBP 10.5 million, on materially similar terms as the previous facility. The new facility will expire […]
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04 Oct 2019 2 min read
JZ Capital exiting Xpress
JZ Capital exiting Xpress – Within the circular that covers the adoption of JZ’s proposed liquidity strategy, JZ Capital is also seeking approval for its plans to sell its entire interest in Xpress Logistics, a subsidiary of one of the portfolio companies, U.S. Logistics. The proposed sale would, in effect, be made to Capstone Logistics which is […]
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02 Oct 2019 1 min read
QuotedData’s other news 2 October 2019
In QuotedData’s other news 2 October 2019: Hadrian’s Wall Secured Lending (HWSL) has provided an update with respect to Biomass Premium Fuels Limited and Biomass Optimum Fuels Limited which separately acquired the assets of Arensis Energy Ltd, Entrade Energy Ltd and Arensis Energy One Ltd out of administration on 21 December 2018. BOFL has entered […]
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3 min read
JZ Capital Partners announces a more ambitious liquidity plan
JZ Capital Partners has announced that its board has decided on a more ambitious liquidity plan. It says that it plans to raise approximately $400-500 million in liquidity by the end of the Company’s fiscal year ending February 2023. This plan is intended to enable JZCP to pay down a substantial amount of debt and […]
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26 Jul 2019 4 min read
More than a little tender? JZ Capital Partners to return $30m amid other proposals
JZ Capital Partners(JZCP) has just announced a number of proposals, which include plans to return US$30m via a tender offer “and resultant Off-Market Acquisitions” at a 5% discount to NAV. The company has listed the following recommended proposals to approve: The Company’s proposed disposals of ownership interests in each of Jordan Health Products, LLC (Avante), […]
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29 May 2019 1 min read
QuotedData’s other news 29 May 2019
In QuotedData’s other news 29 May 2019: TriplePoint Social Housing REIT has bought 12 supported housing properties, exchanged contracts on a further three supported living properties and acquired the land and entered into forward funding arrangements to develop another three supported housing schemes, comprising 178 units in total, for an aggregate commitment of approximately £39.5m. Harbourvest Private […]
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15 Jan 2019 1 min read
JZ Capital sells Petrocorner
JZ Capital sells Petrocorner – JZ Capital Partners Limited has announced the sale of Petrocorner, a network of petrol stations throughout Spain, to a Spanish subsidiary of British Petroleum (“BP”). JZCP owns Petrocorner through its 18.75% stake in JZI Fund III, L.P. Headquartered in Madrid, Petrocorner is a strategic build-up in the Spanish retail petrol station […]
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08 Nov 2018 1 min read
JZ Capital announces tender offer
JZ Capital announces tender offer- JZ Capital has announced that they will be buying back 50 million dollars of their own shares and then cancelling them. They will be buying them back at a price no wider than a 5 per cent of NAV (current NAV per share is $9.82). The proposed offer is still […]
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03 Sep 2018 2 min read
JZ Capital sells Water Treatment Industries
JZ Capital sells Water Treatment Industries to a fund advised by the managers – TWH Water Treatment Industries, Inc. (“Water Treatment Industries”), a subsidiary of one of JZ Capital Partners‘ portfolio companies, Triwater Holdings LLC has agreed to enter into a merger agreement with a newly incorporated subsidiary of DuBois Chemicals, Inc., a company controlled by Resolute Fund […]
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14 Mar 2018 1 min read
JZ Capital Partners sale of Paragon adds 0.4% to NAV
JZ Capital Partners sale of Paragon adds 0.4% to NAV- JZ Capital Partners (JZCP) announce the sale of Paragon Water Systems, Inc. to Culligan Water representing an increase in NAV of approximately 0.4% , as of 31 January 2018. The transaction follows the recent announcement (as we previously reported) that JZCP is to sell Bolder Healthcare Solutions […]
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12 Mar 2018 1 min read
JZ Capital boosted by Bolder
JZ Capital boosted by Bolder – JZ Capital Partners Limited has announced an agreement to sell Bolder Healthcare Solutions (“BHS”) to a subsidiary of Cognizant, one of the world’s leading professional services companies. Headquartered in Louisville, Kentucky, BHS offers a full suite of healthcare revenue cycle management services to the hospital and physician marketplace in […]
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06 Nov 2017 2 min read
JZ Capital sells Factor Energia
JZ Capital sells Factor Energia – JZ Capital Partners Limited has sold, at net asset value , its majority equity interest in Factor Energia S.A., which was held through its EuroMicrocap Fund 2010, L.P. The transaction enterprise value was approximately EUR120 million. Factor is being acquired by a public-sector asset manager, on behalf of a major Canadian […]
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31 Oct 2017 1 min read
JZ makes two sales
JZ makes two sales – JZ Capital Partners Limited has realised two of its US micro-cap investments, Nielsen-Kellerman and K2 Towers, for a total gross value of $39.9 million, representing a cumulative $13.4 million uplift to JZCP’s net asset value as of 31 August 2017. K2 Towers K2 was founded in 2009 and specialises in acquiring and maintaining […]
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16 Oct 2017 1 min read
Investment Trust Insider on Zero Dividend Preference Shares
James Carthew: there is a future for quality ‘zeros’ Split capital investment trust Jupiter Dividend & Growth (JDT) is approaching the end of its life. It was launched in December 2005 and is by far the oldest of the ‘splits’ that exist today. However, its articles of association say it must wind up on 30 […]
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20 Apr 2017 1 min read
JZ Capital Partners to cease dividend payments in favour of share repurchases
JZ Capital Partners has announced that, following a review and consultation with its largest Shareholders, its board that the current dividend policy, which seeks to distribute out of profits in each financial year in the form of dividends an amount equal to approximately three per cent of the Company’s net assets for that financial year, […]
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22 Mar 2017 1 min read
JZ Capital extends credit line
JZ Capital Partners Limited has announced its intention to increase its c.$100 million credit facility with Guggenheim Partners by $50 million. The purpose of this increase in borrowings is to provide additional liquidity to JZCP in order to bridge certain planned realisations. The entire $150 million facility may be repaid, in whole or in part, with […]
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26 Oct 2016 2 min read
JZ Capital Partners achieves NAV gains across its portfolio
JZ Capital Partners has announced its interim results for the six-month period ended 31 August 2016. JZCP’s net asset value per share increased from $10.15 to $10.40, or 2.5% in dollar terms, equating to a 3.9% total return in dollar terms. The Board has declared an interim dividend of 15.5 cents per share, compared to 16 cents (paid […]
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10 Oct 2016 1 min read
JZ Capital sell Southern Petroleum Labs and Metpar
JZ Capital has announced that its has sold two of its investments, Southern Petroleum Laboratories and Metpar, for a combined $11.5 million. JZCP received proceeds of $8.4 million from the sale of Southern Petroleum Laboratories , a leader in oil & gas measurement and laboratory services, which is approximately the company’s carrying value. JZCP also received warrants […]
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20 Sep 2016 1 min read
JZ Capital buys Miami development site
JZ Capital Partners Limited, alongside its long-term real estate partner, RedSky Capital, LLC, has acquired 2700 NW 2nd Avenue, a new property in the Wynwood neighbourhood of Miami, Florida. The purchase price was $30.8 million, of which JZCP provided $12.9 million. JZCP and RedSky plan to develop two Class-A buildings with ground floor retail, several […]
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13 Sep 2016 1 min read
JZ Capital Partners sells its minority stake in Winn Group
JZ Capital Partners has announced that it has closed the sale of its minority stake in Winn Group, held through the EuroMicrocap Fund 2010, L.P. to a major financial institution for €20.8m ($23m) following the receipt of regulatory approval. Founded in 2002, Winn is a Newcastle-based UK legal services firm specialising in personal injury cases. […]
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08 Aug 2016 1 min read
JZ Capital invests in Pacific Medical
JZ Capital Partners Limited has closed an investment in Pacific Medical LLC, its fourth investment through the Jordan Health Products platform since 2015. JZCP invested $4.2 million in the transaction. Founded in 2005, and based in San Juan Capistrano, California, Pacific Medical repairs, services and sells new and refurbished medical equipment, specialising in patient monitoring devices and […]
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04 Aug 2016 1 min read
JZ Capital buys office in West Palm Beach
JZ Capital Partners, alongside its long-term real estate partner, RedSky Capital and The Clark Estates, has acquired Esperante Corporate Centre, a landmark office building in West Palm Beach, Florida. Located at 222 Lakeview Avenue in downtown West Palm Beach, Esperante sits at the gateway to the island of Palm Beach, providing tenants with easy access […]
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02 Aug 2016 1 min read
JZ Capital sells Fidor Bank
JZ Capital Partners has announced an agreement to sell its equity interest in Fidor Bank AG to Groupe BPCE, the second largest banking group in France. JZ Capital Partners first invested in Fidor in August 2013 through its EuroMicrocap Fund 2010, L.P. and has since worked with the senior management team, including Matthias Kröner, CEO, and Wolfgang Strobel, […]
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28 Jul 2016 1 min read
JZ Capital invests in Oncology Services International
JZ Capital Partners Limited has closed an investment in Oncology Services International, Inc., its third investment through the Jordan Health Products platform. Jordan Health Products was formed in 2015 by Jordan Industries International, LLC and JZ Capital Partners to develop and execute a strategic build-up in the highly fragmented US healthcare equipment market. JZ Capital Partners invested $4.529 million in […]
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12 May 2016 2 min read
JZ Capital Partners has a busy year
JZ Capital Partners has announced its annual results for the year ended 29 February 2016. The period was a busy one for the company during which it undertook an equity placing as well as a rollover of a zero dividend preference share. During the period, the company reports absolute total NAV growth of 20.7% to $851.7m. […]
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09 Feb 2016 1 min read
JZ Capital Partners sells six European investments
JZ Capital Partners has sold six European investments for €96.3m. These investments are held through the EuroMicrocap Fund 2010, L.P. The transaction will be completed in two phases. Firstly, on February 1, 2016, JZCP sold its stake in the first five assets (Docout, Ombuds, One World Packaging, Toro Finance, and Xacom) for €75.2 million. Secondly, […]
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17 Nov 2015 1 min read
JZ Capital Partners disposes of its Justrite investment for $21.4m
JZ Capital Partners has announced the sale of its investment in Justrite Manufacturing for $21.4m. Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner and JZ Capital Partners first invested in Justrite in June 2011 alongside an investor group led by the […]
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23 Sep 2015 2 min read
Cayenne Trust CULS conversion facilitates a speedier return of capital
The Cayenne Trust has released its interim results for the six-months ended 31 July 2015 during which its NAV per share increased by 1.6% (4.2% on a fully diluted basis). In comparison, the FTSE All Share Equity Investment Instruments Index increased by 3.39% during the period. A dividend of 3.8p was paid on 21st August. […]
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04 Sep 2015 1 min read
JZ Capital in dilutive share issue
JZ Capital has announced an open offer and placing to raise $150m and a rollover offer of new 2022 ZDPs to replace their existing 2016 ZDPs. The new share capital is being issued on a 9 new shares for every 25 held basis at 419.19p, a 39.7% discount. If shareholders don’t take up shares under the […]
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02 Sep 2015 1 min read
JZ Capital commits €75m to its new EuroMicrocap fund
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 […]
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15 Jun 2015 1 min read
JZ Capital buys telecom towers business
JZ Capital is investing $22m in K2 Towers, an owner and operator of wireless communication towers. Thety did the deal alongside private equity group, Orangewood Partners. K2 was founded in 2009. Its portfolio of telecom towers runs across the US and Puerto Rico. GThey reckon their team has invested in over 2000 towers over the […]
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12 May 2015 2 min read
JZ Capital revises plan to pay off zeros
JZ Capital has announced results for the year ended 28 February 2015 show that the fund generated a total return on net assets of 8.9%. They declared a second dividend of 17.5 cents per share for the six months ended 28 February 2015, compared to 16.0 cents for the period ended 28 February 2014. Having […]
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07 May 2015 1 min read
JZ Capital adds another Williamsburg property
JZ Capital Partners and its property partner, Red Sky Capital, are buying 192 Bedford Avenue in Williamsburg, New York. The property features frontage of 20 ft. on Bedford Avenue and offers up to 6,000 sq. ft. of build-to-suit multi-level retail space with only one short term lease (Mizu, a Japanese restaurant) encumbering the property. JZ […]
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30 Apr 2015 1 min read
JZ Capital acquires Danish Van leasing company
JZ Capital Partners has announced the acquisition of S.A.C, an operational van leasing company based to the south of Copenhagen in Denmark. S.A.C. is JZCP’s first Danish investment. S.A.C’s is engaged in flexible short and long term leases (the average lease period is approximately four years). The company controls the full life cycle of its product, including procurement, financing, service & […]
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01 Apr 2015 1 min read
JZ Capital buys more property in Miami
JZ Capital Partners and their property partner, RedSky, are paying $97.4m to acquire 2621 NW 2nd Avenue located in Miami’s Wynwood neighbourhood and 1 NE 40th Street and 35 NE 40th Street (site of the Oak Tavern, pictured), two properties located in the Design District neighbourhood of Miami, Florida. JZ’s share of the purchase price was $4209m […]
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09 Feb 2015 1 min read
JZ Capital buys National Inspection and Consultants
JZ Capital has announced the acquisition of National Inspection and Consultants, LLC (“NIC”). The final purchase price is still to be finalised but is expected to be between $9-10 million. JZCP owns 37.4% of the combined entity on a fully-diluted basis (alongside The Edgewater Funds). Headquartered in Fort Myers, Florida, NIC provides teams of experienced, […]
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02 Feb 2015 1 min read
JZ Capital buys property in Miami
JZ Capital Partners has announced three property deals this morning – two in Williamsburg to complement their existing portfolio and a third, their first property venture outside New York state, in Miami, Florida. The deals were done alongside its property joint venture partner, Red Sky Capital LLC, and comprise, in New York, 184-186 and 204-206 Bedford Avenue, […]
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30 Jan 2015 2 min read
JZ Capital Partners proposes changes to investment policy
JZ Capital Partners has a history of adapting its investment focus to suit market conditions. The Board has decided to ask shareholders to approve a relaxation of the investment policy for the fund to permit it to shift assets to the regions and sectors that its managers think look most attractive. At present they say that US microcaps […]
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29 Oct 2014 1 min read
Busy period for JZ Capital as it deploys $129m
JZCP : Busy period for JZ Capital as it deploys $129m Adding back the dividend they declared in the period, JZ Capital’s net asset value rose from $10.25 to $10.27 over the six months that ended 31 August 2014. The dividend paid in the period was 16 cents per share and they have just announced […]
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21 Oct 2014 1 min read
JZ Capital sells Milestone Aviation
JZCP : JZ Capital sells Milestone Aviation JZ Capital has sold its interest in Milestone Aviation for $40m. They paid a total of $15.1m for this investment – starting in September 2010. The exit price represents an exit multiple of 2.8x and an IRR of 36%. Milestone Aviation is the world’s largest helicopter leasing company […]
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28 Jul 2014 1 min read
JZ Capital Partners : JZCP – issue of convertible loan stock
JZ Capital Partners has announced that it has issued £38,861,140 nominal of convertible loan stock. The CULS carry a coupon of 6%, paid semi-annually in March and September. They will be repaid at par on 30 July 2021 (if not converted into equity earlier). They can be converted into equity in the company at any time from 40 days after […]
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06 May 2014 1 min read
JZ Capital : JZCP – final results
JZ Capital has announced figures for the year ended 28 February 2014. Over the period it generated a NAV return of 8.8%. It is making a distribution of $0.30 per share. The company invested $150m over the year and is making investments in a new industrial sector – logistics solutions – kicking off with an investment […]