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JZ Capital Delays US Secondary Sale In Light Of Covid-19 Outbreak

Mon, 16th Mar 2020 15:12

(Alliance News) -Â JZ Capital Partners Ltd said it has delayed its US secondary sale due to Covid-19.

"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 paying down debt in the first order," said JZ Capital Partners.

In late November, the fund said it had put several of its US micro-cap assets on sale in order to reduce debt.

JZ Capital said it will make further announcements relating to the sale "as matters progress".

Shares in JZ Capital were down 12% at 190.00 pence in London on Monday.

By Lucy Heming;Â lucyheming@alliancenews.com

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