REG-JZ Capital Ptnrs Ltd: Disposal of Interest in US Micro-cap Portfolio Company

JZ Capital PartnersAnnouncement

19/12/2022 07:15

JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP")
(a closed-ended investment company incorporated with limited liability under
the laws of Guernsey with registered number 48761)
LEI 549300TZCK08Q16HHU44

Disposal of Interest in US Micro-cap Portfolio Company

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) NO. 596/2014, WHICH FORMS PART OF UK LAW BY VIRTUE OF
THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

19 December 2022

JZ Capital Partners Limited, the London listed fund that has investments in US
and European microcap companies and US real estate, is pleased to announce
that Deflecto Holdings, LLC ("Deflecto Holdings"), one of the Company's US
micro-cap co-investments, has agreed to sell its interest in one of its
portfolio companies (the "Disposal").

It is expected that, in connection with the Disposal, JZCP will receive (a)
initial proceeds of approximately US$54.6 million payable upon closing, and
(b) up to a further approximately US$1.1 million which will be payable
post-closing pursuant to a standard escrow arrangement that is subject to
customary final closing adjustments. The Company intends to use the proceeds
it receives in connection with the Disposal towards the implementation of the
aims of the Company's investment policy and for general corporate purposes.

The total value attributable to the Disposal, taking into account the proceeds
of the Disposal, amounts to approximately US$55.7 million. Combined with
JZCP's continued interest in Deflecto Holdings' other investments, the
Disposal represents an uplift of approximately 43 per cent. to the net asset
value attributable to JZCP's interest in Deflecto Holdings of US$45.4 million
as at 31 August 2022.

It is noted that completion of the Disposal remains subject to certain
conditions, including the federal premerger notification program established
by the Hart-Scott-Rodino Act. Whilst it is expected that completion of the
sale will occur, subject to the satisfaction of the relevant conditions,
around 31 January 2023, there can be no assurance that the aforementioned
conditions will be satisfied and, accordingly, that completion of the Disposal
(or receipt by the Company of the Disposal proceeds) will occur. As such, the
Company will make further announcements at the appropriate time regarding the
status of completion of the Disposal and the receipt by the Company of the net
proceeds related thereto.

Market Abuse Regulation

The information contained within this announcement is considered by the
Company to constitute inside information as stipulated under MAR. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

The person responsible for arranging the release of this announcement on
behalf of the Company is David Macfarlane, Chairman of JZCP.

______________________________________________________________________________________

For further information:

 Kit Dunford / Ed Berry FTI Consulting                                                        +44 (0)7717 417 038 / +44 (0)7703 330 199  
 David Zalaznick Jordan/Zalaznick Advisers, Inc.                                              +1 (212) 485 9410                          
 Hannah Hayward Northern Trust International Fund Administration Services (Guernsey) Limited  +44 (0) 1481 745417                        

Important Notice

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or comparable
terminology. These forward-looking statements relate to matters that are not
historical facts. By their nature, forward-looking statements involve risks
and uncertainties because they relate to events and depend on circumstances
that may or may not occur in the future. Forward-looking statements are not
guarantees of future performance. The Company's actual investment performance,
results of operations, financial condition, liquidity, policies and the
development of its strategies may differ materially from the impression
created by the forward-looking statements contained in this announcement. In
addition, even if the investment performance, result of operations, financial
condition, liquidity and policies of the Company and development of its
strategies, are consistent with the forward-looking statements contained in
this announcement, those results or developments may not be indicative of
results or developments in subsequent periods. These forward-looking
statements speak only as at the date of this announcement. Subject to their
legal and regulatory obligations, each of the Company, Jordan/Zalaznick
Advisers, Inc. and their respective affiliates expressly disclaims any
obligations to update, review or revise any forward-looking statement
contained herein whether to reflect any change in expectations with regard
thereto or any change in events, conditions or circumstances on which any
statement is based or as a result of new information, future developments or
otherwise.



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