Disposal

RNS Number : 9072X

JZ Capital Partners Ltd

14 December 2010

 



JZ CAPITAL PARTNERS LIMITED

(Registration No. 48761)

Registered Office:

2ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT,

GUERNSEY, GY1 3NQ, CHANNEL ISLANDS.

___________________________

TELEPHONE: + 44 1481 720321

FACSIMILE: + 44 1481 716117

E-MAIL: [e-mail]

14 December 2010

Sale of GHW Holdings, INC.

JZCP IS PLEASED TO REPORT THE SALE OF ONE OF ITS PORTFOLIO COMPANIES - GHW HOLDINGS, INC.  JZCP'S ORIGINAL INVESTMENT WAS $7.9MM.  ITS $4.0MM OF SUBORDINATED NOTES WERE REDEEMED AT PAR, WHILE  ITS $3.9MM EQUITY INVESTMENT WAS SOLD FOR $29.4MM, AN 8.3  MULTIPLE OF INVESTED CAPITAL, AND A 70.2% IRR.  THIS SALE WOULD HAVE INCREASED JZCP'S LATEST ANNOUNCED NAV PER SHARE BY APPROXIMATELY $.12 PER SHARE TO $7.95 

Enquiries

Butterfield Fulcrum Group (Guernsey) Limited

Company Secretary

2nd Floor, Regency Court

Glategny Esplanade

St Peter Port

Guernsey GY1 3NQ

Tel:     [phone]

Fax:     [phone]

 

END

 

 

DISGGGQWPUPUGUC