JZ Capital Partners Commits As Adviser Raises Money For New Fund

Wed, 02nd Sep 2015 07:30

LONDON (Alliance News) - JZ Capital Partners Ltd's investment adviser on Wednesday said it has raised EUR237 million in its first round of fundraising for a new fund that will invest in lower middle market companies in Western Europe.

Jordan/Zalaznick Advisers Inc advises London-listed JZ Capital Partners, which invests in US and European microcap companies and US real estate.

JZ Capital Partners has committed EUR75 million to the fund, while David Zalaznick and Jay Jordan, its co-founders and investment advisers, have committed EUR25 million with the European management team. The remaining money has been provided by institutional investors and family offices.

The new European fund will focus on investing in businesses with enterprise values between EUR15 million and EUR150 million and the ability to generate earnings before interest, tax, depreciation and amortisation EUR5 million to EUR20 million per annum.

The fund is a successor to the EuroMicrocap Fund 2010 LP. Three pre-agreed investments will be transferred to the new fund from its predecessor: Fincontinuo, a niche consumer finance company in Italy; Petrocorner, a petrol station build-up in Spain; and S.A.C, a van leasing company in Denmark.

"We expect to continue investing in financial services, business process outsourcing and niche manufacturing companies and build on our sixteen year history of value-oriented investing in our core European markets, which are Spain, Italy, the UK, Germany and Scandinavia," Zalaznick said in a statement.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Jz Capital