JZ Capital Ptnrs Ltd JZ Capital Partners to Realise Gain - NAV Uplift of 4.3%
March 12 2018 - 7:05AM
UK Regulatory
TIDMJZCP TIDMJZCC TIDMJZCN
JZ CAPITAL PARTNERS TO REALISE GAIN - NAV UPLIFT OF 4.3%
12 March 2018
JZ Capital Partners Limited (LSE:JZCP.L or "JZCP"), the London listed fund that
invests in US and European microcap companies and US real estate, is pleased to
announce 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
the United States. BHS was formed through a co-investment partnership between
JZCP and the Edgewater Funds.
JZCP will realise approximately $108.0 million in gross proceeds from this
sale, representing an increase in net asset value ("NAV") of approximately
$35.1 million, or 4.3% of NAV, as of January 31, 2018.
David Zalaznick, JZCP's Founder and Investment Adviser, commented: "This will
be a significant transaction that demonstrates JZCP's ability to consistently
realise key assets at, or above, NAV. Our CEO, Mike Shea, and his management
team at BHS did a superb job and we appreciate all their efforts that made this
such a successful transaction."
Completion of the transaction is subject to customary closing conditions and
regulatory approvals, including The Hart-Scott-Rodino Antitrust Improvements
Act of 1976.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014
Ends
For further information:
Ed Berry / Kit Dunford +44 (0) 20 3727 1143
FTI Consulting
David Zalaznick +1 212 485 9410
Jordan/Zalaznick Advisers, Inc.
Paul Ford +44 (0) 1481 745383
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 microcap companies to help build
better businesses, create value and deliver strong returns for investors. For
more information please visit www.jzcp.com.
END
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March 12, 2018 07:05 ET (11:05 GMT)
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