Acquisition of Midwest Valve Parts

JZ CAPITAL PARTNERS ACQUIRES MIDWEST VALVE PARTS ~ New acquisition expands JZCP's Industrial Services Solutions segment ~ 24 April 2015 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 Midwest Valve Parts ("MVP") alongside its long-term investment partner The Edgewater Funds. The acquisition of MVP is an add-on to Industrial Services Solutions' ("ISS") existing Specialty Products Group ("SPG"), and marks the third acquisition made into SPG (joining Worthington Compressors and Parts Service International). Led by Jim Rogers, a GE veteran who has extensive industry experience, ISS is generating annual sales and EBITDA in excess of US$260 million and US$45 million, respectively. MVP is an independent supplier of replacement parts for valves, actuators, and related equipment to valve remanufacturers, as well as direct to end users in a variety of markets, including: oilfield services, power generation, mining, and process industries such as refineries, chemical plants and pharmaceutical companies. The acquisition of MVP was funded with US$3.8 million in third party debt and a US$0.5 million subordinated seller note. JZCP owns approximately 34% of the combined entity. David Zalaznick, JZCP's Founder and Investment Adviser, commented: "MVP is an excellent addition to our Industrial Services platform. Together with the management team, we look forward to integrating MVPinto our Specialty Products Group and helping to further grow this already strong asset." Ends For further information: Ed Berry / Kit Dunford +44 (0) 20 3727 1143 FTI Consulting David Zalaznick +1 212 4859410 Jordan/Zalaznick Advisers, Inc. Andrew Maiden +44 (0) 1481 745368 JZ Capital Partners About JZCP 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.
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