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New Deal


Announced

Completed

JZ Capital sold PetroCorner and Kingbook to BP for €12.1m.

Financials

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Transaction Value£10m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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gas stations

Private

Spain

Diversified Retailers

Acquisition

Real Estate Holding and Development

Completed

real estate investment company

Private Equity

Synopsis

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JZ Capital Partners sold PetroCorner, a network of petrol stations throughout Spain, and Kingbook, an investment company, to a Spanish subsidiary of British Petroleum for €12.1m. David Zalaznick, JZCP’s Founder and Investment Adviser, commented: “Petrocorner was a highly successful result of our buy-and-build strategy in the retail petrol sector. Our management partners did a superb job and we thank them for all their hard work. For JZCP, the Petrocorner sale represents a further step towards our primary goal to achieve liquidity through realisations and refinancings. We hope to report on additional liquidity events throughout 2019.”

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