London-listed private equity fund JZ Capital Partners has made investments in the UK and Germany via its European Microcap Fund.
JZCP has invested £9m for a 36 per cent stake in personal injury and legal services firm Winn Group. Souter Investments, the investment vehicle of Sir Brian Souter, the co-founder and chairman of Stagecoach Group, has made a co-investment to acquire 24 per cent of the company while existing management team will retain a 40 per cent stake. Winn has generated revenues of £40m in the year to 31 March 2013.
JZCP has also invested €7.75m to acquire 25.2 per cent of online German bank Fidor Bank. It allows customers to transfer money through social media and also provides deposit and savings accounts, foreign exchange, a credit card and crowdfunding.
David Zalaznick, JZCP’s founder, said, “We continue to see attractive opportunities in Europe and are delighted to be able to expand our portfolio by making investments in two growth companies, Winn Group in the UK and Fidor Bank in Germany.
“Both Winn Group and Fidor Bank are profitable high quality companies where we can work with the existing management to generate additional growth. We look forward to working with our co-investor Souter Investments and the management teams of both companies over the coming years.”
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