JZ Capital Ptnrs Ltd JZ Capital Realises Two U.S. Micro-Cap Investments

 
TIDMJZCP TIDMJZCC TIDMJZCN 
 
JZ Capital Partners Ltd 
 
 JZ CAPITAL REALISES TWO U.S. MICRO-CAP INVESTMENTS FOR A TOTAL GROSS VALUE OF 
                                 $39.9 MILLION 
 
       Realisations represent a cumulative $13.4 million uplift to NAV 
 
31 October 2017 
 
JZ Capital Partners Limited (LSE:JZCP.L "JZCP" or the "Company"), the London 
listed fund that invests in US and European micro-cap companies and US real 
estate, has realised two of its US micro-cap investments, Nielsen-Kellerman 
("NK") and K2 Towers ("K2"), for a total gross value of $39.9 million, 
representing a cumulative $13.4 million uplift to JZCP's net asset value 
("NAV") as of 31 August 2017. 
 
K2 Towers 
 
K2 was founded in 2009 and specialises in acquiring and maintaining wireless 
communication towers, with portfolios stretching throughout the United States 
and Puerto Rico. 
 
JZCP expects to receive total proceeds of $31.3 million from the sale of K2 to 
a strategic buyer, representing an overall gross multiple of invested capital 
of 1.5x and a gross internal rate of return of 17.6% in just over two years. 
 
Nielsen Kellerman 
 
Established in 1978, NK is a designer, manufacturer and distributer of rugged, 
waterproof environmental and sports performance instruments for active 
lifestyles and technical applications. 
 
Having first invested in NK in December 2010, JZCP received proceeds of $8.6 
million from the sale, representing a realised gross multiple of invested 
capital of 3.3x and a realised gross IRR of 19.2%. 
 
David Zalaznick, JZCP's Founder and Investment Adviser, commented: "We are 
pleased with the successful outcome of both investments. The combined uplift of 
$13.4 million in these two realisations demonstrates the soundness of the 
Company's NAV and our ability to achieve realisations above the current 
valuations in the NAV." 
 
                                     Ends 
 
For further information: 
 
Ed Berry / Kit Dunford                         [phone] 
FTI Consulting 
 
David Zalaznick                                        [phone] 
Jordan/Zalaznick Advisers, Inc. 
 
Rebecca Booth                       [phone] 
JZ Capital Partners 
 
About JZCP 
 
JZ Capital Partners ("JZCP") is one of the oldest closed-end investment 
companies listed on the London Stock Exchange. It seeks to provide shareholders 
with a return by investing selectively in US and European microcap companies 
and US real estate. JZCP receives investment advice from Jordan/Zalaznick 
Advisers, Inc. ("JZAI") which is led by David Zalaznick and Jay Jordan. They 
have worked together for more than 35 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. For 
more information please visit www.jzcp.com. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 31, 2017 03:00 ET (07:00 GMT)