Norton Rose Fulbright advises JP Morgan Cazenove on £90 million placing for JZ Capital Partners

Business October 7, 2015

Global legal practice Norton Rose Fulbright has advised JP Morgan Cazenove, acting as placing agent, on the approximately £90 million placing and open offer of JZ Capital Partners, the London listed private equity-driven fund on September 30, 2015.

JZ Capital Partners invest primarily in US and European microcap businesses. The offer was intended to provide the company with additional resources for future investments as well as to increase the company’s market capitalisation and liquidity. Concurrently, JZ Capital Partners completed a rollover offer of 2022 zero dividend preference shares (or ZDPs) in exchange for outstanding 2016 ZDPs, as part of a strategy to rebalance its debt maturity profile. 2022 ZDPs with a final capital entitlement of approximately £44 million pounds were exchanged for 2016 ZDPs in the rollover offer.

The Norton Rose Fulbright team in London was led by partner Ian Fox and included senior associate Margaret Simcock. Partner Tom Vita led the team advising on US issues which included of counsel Kevin Connolly and associate Daniel Maalo. Partner Michael Flamenbaum provided US tax advice. Ashurst advised the issuers.

For further information please contact:

Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684893
louise.nelson@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.