JZ Capital Partners realises two investments for $11.5m

US and European micro-cap and real estate investing company JZ Capital Partners announced on Monday that it has realised two of its investments - Southern Petroleum Laboratories and Metpar - for a combined $11.5 million.

The London-listed firm said it received proceeds of $8.4m from the sale of SPL, which is approximately the company’s carrying value.

It also received warrants for approximately $0.5m on day one value in the new buyer as well as a dividend of $1.3m from SPL in July 2015.

The company also received proceeds of $3.1m from the refinancing of Metpar, a manufacturer of restroom partitions, which is a significant uplift to the company’s carrying value of $0.8m.

JZ received proceeds of $3.1m over the lifetime of the Metpar investment in addition to the $3.1m recently received.

“We are pleased with the outcomes of both of these sales, particularly with SPL given the challenging energy market, and wish the companies the best of luck for the future,” said JZ Capital Partners founder and investment adviser David Zalaznick.