NIC Acquisition

JZCAPITAL PARTNERS ACQUIRES NATIONAL INSPECTION AND CONSULTANTS, LLC ~ New acquisition expands JZCP's Industrial Services Solutions ("ISS") segment ~ 9 February 2015 JZ Capital Partners, Ltd. ("JZCP"), the London listed private equity fund that invests in high quality US and European microcap companies and US real estate, along side its long-term investment partner The Edgewater Funds ("Edgewater"),has acquired National Inspection and Consultants, LLC ("NIC"). The final purchase price is still to be finalised but is expected to be between $9-10 million. JZCP owns 37.4% of the combined entity on a fully-diluted basis. Headquartered in Fort Myers, Florida, NIC provides teams of experienced, certified inspectors, and project managers for assignments primarily in the U.S. nuclear power sector. The Company offers non-destructive testing, quality control inspection, quality programs consulting, technical and professional staffing training, erosion/corrosion monitoring services and employee concerns program consulting. NIC represents the third investment for ISS' Speciality Field Services Group ("SFSG"). Led by Jim Rogers, a GE veteran who has extensive industry experience, ISS is generating annual sales and EBITDA in excess of $265 million and $40 million, respectively. David Zalaznick, JZCP's Founder and Investment Adviser, commented: "NIC adds another high quality company to our already strong ISS platform and is a natural fit for SFSG, enhancing its industrial field service capabilities in the U.S. nuclear power sector. Over the past few years, ISS has evolved into a substantial platform with a significant growth trajectory. The acquisition of NIC builds on this strong momentum and adds to the strength of our overall US investment portfolio. The agreement follows JZCP's recently announced real estate acquisitions in New York and Miami, where it has made three investments alongside its long-term real estate partner, RedSky Capital, LLC." 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. Andrew Maiden +44 (0) 1481 745368 JZ Capital Partners About JZCP JZCP is a London listed private equity fund which invests in high quality US and European microcap companies and US real estate. Its objective is to achieve a superior overall return comprised of a current yield and significant capital appreciation. JZCP receives investment advice from Jordan/Zalaznick Advisers, Inc. ("JZAI") which is led by David Zalaznick and Jay Jordan. They have worked together for 30 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. JZCP also invests in mezzanine loans, first and second lien investments and other publicly traded securities. For more information please visit www.jzcp.com.
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