JZ Capital Ptnrs Ltd Disposal of Interest in US Micro-cap Portfolio Company

 
TIDMJZCP 
 
JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP") 
 
 (a closed-ended investment company incorporated with limited liability under 
              the laws of Guernsey with registered number 48761) 
 
                           LEI 549300TZCK08Q16HHU44 
 
                      Closing of Disposal of Interest in 
                        US Micro-cap Portfolio Company 
 
24 January 2023 
 
Further to the Company's announcement on 19 December 2022, JZ Capital Partners 
Limited, the London listed fund that has investments in US and European 
microcap companies and US real estate, is pleased to provide an update in 
relation to the disposal by Deflecto Holdings, LLC ("Deflecto Holdings"), one 
of the Company's micro-cap co-investments, of its interest in one of its 
portfolio companies (the "Disposal"). 
 
In the aforementioned announcement, the Company noted that Deflecto Holdings 
had executed an agreement to effect the Disposal, with completion of the 
Disposal being subject to the satisfaction of certain conditions, including the 
federal premerger notification program established by the Hart-Scott-Rodino 
Act. 
 
The Company is now pleased to announce that the conditions to the Disposal have 
been satisfied and that the Disposal has been completed. As a result, the 
Company has received initial proceeds of approximately US$54.3 million, with up 
to a further approximately US$1.3 million to be payable post-closing pursuant 
to a standard escrow arrangement that is subject to customary final closing 
adjustments. 
 
______________________________________________________________________________________ 
 
For further information: 
 
Kit Dunford / Ed Berry                  [phone] / +44 (0)7703 
FTI Consulting                          330 199 
 
David Zalaznick                         [phone] 
Jordan/Zalaznick Advisers, Inc. 
 
Hannah Hayward                          [phone] 
Northern Trust International Fund 
Administration Services (Guernsey) 
Limited 
 
Important Notice 
 
This announcement includes statements that are, or may be deemed to be, 
"forward-looking statements". These forward-looking statements can be 
identified by the use of forward-looking terminology, including the terms 
"believes", "estimates", "anticipates", "expects", "intends", "may", "will" or 
"should" or, in each case, their negative or other variations or comparable 
terminology. These forward-looking statements relate to matters that are not 
historical facts. By their nature, forward-looking statements involve risks and 
uncertainties because they relate to events and depend on circumstances that 
may or may not occur in the future. Forward-looking statements are not 
guarantees of future performance. The Company's actual investment performance, 
results of operations, financial condition, liquidity, policies and the 
development of its strategies may differ materially from the impression created 
by the forward-looking statements contained in this announcement. In addition, 
even if the investment performance, result of operations, financial condition, 
liquidity and policies of the Company and development of its strategies, are 
consistent with the forward-looking statements contained in this announcement, 
those results or developments may not be indicative of results or developments 
in subsequent periods. These forward-looking statements speak only as at the 
date of this announcement. Subject to their legal and regulatory obligations, 
each of the Company, Jordan/Zalaznick Advisers, Inc. and their respective 
affiliates expressly disclaims any obligations to update, review or revise any 
forward-looking statement contained herein whether to reflect any change in 
expectations with regard thereto or any change in events, conditions or 
circumstances on which any statement is based or as a result of new 
information, future developments or otherwise. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 24, 2023 10:42 ET (15:42 GMT)