JZ Capital Partners Ltd. said Thursday it has acquired S.A.C. JZ Capital acquired 45 percent of S.A.C through its EuroMicrocap Fund for approximately 2.8 million Euros. JZ Capital also acted as mezzanine lender, providing 4.8 million Euros of direct financing to S.A.C. S.A.C is an operational van leasing company based south of Copenhagen, Denmark.
JZ Capital Partners Limited (LSE:JZCP.L or “JZCP”), the London listed private equity fund that invests in high quality US and European microcap companies and US real estate, has acquired S.A.C, an operational van leasing company based south of Copenhagen, Denmark.
Led by CEO Rene Ubbesen, who has been with S.A.C and its predecessor company for over 20 years, S.A.C’s business model is based on flexible short and long term leases with an average lease period of approximately four years. Unique to its industry, S.A.C controls the full life cycle of its product, including procurement, financing, service & warranty and resale. We are backing a highly experienced management team in the van leasing industry
JZCP acquired 45% of S.A.C through its EuroMicrocap Fund for approximately €2.8 million. Furthermore, JZCP also acted as mezzanine lender, providing €4.8 million of direct financing to S.A.C.
David Zalaznick, JZCP’s Founder and Investment Adviser, commented: “This acquisition creates an opportunity to build a substantial asset backed balance sheet of vans, with strong investment returns. We look forward to working with the exceptional management team at S.A.C. to help grow their business.”
JZCP is a London listed private equity fund which invests in high quality microcap companies, real estate and other debt and equity opportunities globally but with a particular focus on opportunities in the US and Europe. Its corporate objective is to create a portfolio of investments providing a superior overall return comprised of a current yield and significant capital appreciation. JZCP receives investment advice from Jordan/Zalaznick Advisers, Inc. (“JZAI”) which is led by David Zalaznick and Jay Jordan. They have worked together for 30 years and are supported by teams of investment professionals in New York, Chicago, London and Madrid. JZAI’s experts work with the existing management of microcap companies to help build better businesses, create value and deliver strong returns for investors. JZCP, with the advice of JZAI, targets predominantly private investments, seeking to back exceptional management teams to deliver on attractive investment propositions. For more information please visit www.jzcp.com.