JZ Capital Partners, a London-listed fund that invests in US and European micro-cap companies and US real estate, has closed the sale of its minority stake in Winn Group.
The stake was sold to a major financial institution for EUR20.8 million (USD23 million) following the receipt of regulatory approval.
Founded in 2002, Winn is a Newcastle-based UK legal services firm specialising in personal injury cases.
The announcement marks the completion of the two-phase transaction to sell JZCP’s stake in six European investments held through EMC 2010 to the same financial institution, which was originally announced in February 2016.