London listed private equity firm JZ Capital Partners has reported a net asset value of USD643m for Q1 2013, an increase of 5.4 per cent on Q1 2012’s figure of USD610m.
NAV per share meanwhile totals USD9.90, while on 14 June 2013, the firm paid a semi-annual dividend of 15.0 cents per share.
During the period 1 March to 31 May the firm saw realisation of USD80.4m, including USD38.6m from its investment in Horsburgh and Scott for a 1.8x multiple of capital invested and a 13 per cent IRR, plus USD33.9m received from the refinancing and related activities of a portion of Industrial Service Solutions (post period), In addition, JZCP also received USD7.9m from the redemption of the whole of its investment in the notes of HAAS.
David Zalaznick, founder and investment advisor of JZCP, says: “We have built on the momentum gained during the previous year by making several realisations during the quarter which have strengthened our balance sheet.
“Despite the challenging market environment, the underlying performance of the company’s assets in both the US and Europe has been strong. We are examining a significant number of potential investment opportunities in both the US and Europe and are well positioned to make further progress for our shareholders over the coming year.”
