LONDON: JZ Capital Partners Limited, the London listed fund that has investments in US and European microcap companies and US real estate, announced that JZI Fund III, L.P. has sold its interest in Factor Energia, as a result of which JZCP expects to receive cash proceeds of approximately €10.8 million in relation to the sale.
The sale proceeds expected to be received by JZCP are higher than JZCP’s indirect interest in Factor Energia were it to be realised at NAV, with such interest currently being valued by JZCP at approximately €7.5 million, according to a statement.
The relevant sale proceeds are anticipated to be received by JZCP as distributions from JZI Fund III, L.P. in tranches over slightly longer than a 12 month period.
More specifically, JZCP expects to receive such distributions of approximately 50% of the relevant sale proceeds within the second quarter of 2026, with the remaining balance of the proceeds expected to be received over the first half of 2027.