JZ Capital Partners (JZCP), the London listed private equity fund which invests in US, European and Latin America micro-cap companies, had a record 43 per cent total shareholder return for the 12 month period ended 28 February 2013.
The firm’s NAV Total Return is six per cent including: a record distribution of 29 cents per share (FYE 28/2/12: 25 cents per share); NAV of USD630m (FYE 28/2/12: USD615m) and NAV per share of USS9.69 (FYE 28/2/12: USD9.47).
JZCP has reported USD145.9m of proceeds from the realisation of 19 investments, while a total of USD200.7m has been invested in 25 companies in the US and Europe during the period.
David Zalaznick, JZCP’s founder and investment adviser, says: “We are delighted with another excellent set of results for JZCP. The micro-cap sector has again provided the company with strong performance on which to generate superior returns for our shareholders.
“This is also the first time that shareholders have benefitted from our new dividend policy which, when combined with the significant share price rise, has resulted in a record total shareholder return of 43 per cent. This strong performance has meant the company’s discount narrowed from 38 per cent down to 22 per cent during the period.
“We look ahead to 2013 with confidence knowing that JZCP is well positioned with a strong balance sheet to take advantage of the many opportunities we have in our pipeline.”
David Macfarlane, chairman of JZCP, says: “2012 has been a year of significant progress for the Company, both strategically and from a performance perspective. The Investment Adviser’s unrivalled track record and expertise in US and European micro-cap buyouts continues to provide shareholders with long-term profitable growth.”
