JZ Capital Partners said Friday it expected to receive at least $32m gross proceeds from the sale of TWH Water Treatment Industries.

JZ Capital Partners, or JZCP, said it expected to realise approximately $32m in initial gross proceeds from the sale, including a potential $5m of additional gross proceeds from an earn-out based on TWH Water Treatment Industries meeting certain revenue targets.

The sale of TWH is also expected to boost JZCPâs NAV, at July 31, 2018, by 2.7%.

'We are delighted to realise our investment in TWH. This further demonstrates our commitment to building liquidity in order to make new investments, pay down debt and buy back stock,' said David Zalaznick, JZCPâs Founder and Investment Adviser.


At 9:08am: (LON:JZCP) JZ Capital Partners Ltd share price was 0p at 447p