JZ Capital backs Winn Group and Fidor Bank

The GP co-invested £9m to buy 36% of UK-based legal services firm The Winn Group. Souter Investments – the investment vehicle of Stagecoach Group chairman and co-founder Brian Souter – co-invested to acquire 24% of the firm. The existing management team will retain a 40% stake.

JZCP also injected €7.75m to buy 25.2% of Fidor Bank, a German online bank. The GP will focus on the global expansion of the firm.

JZCP completed the acquisitions through the European Microcap Fund.

Company
Founded in 2002 and based in Newcastle, The Winn Group is an accident management firm. The company provides a complete accident management process, including legal services, replacement car hire, credit repair and medical treatment. The Winn Group generated revenues of £40m in the year to 31 March 2013 and employs around 300 staff.

Established in 2003, Munich-based Fidor Bank is an online bank that allows customers to transfer money through social media. It also provides deposit and savings accounts, foreign exchange, a credit card and crowdfunding capabilities for small businesses. The company is listed on the Open Market of the Frankfurt Stock Exchange and currently has 200,000 customers.

People
David Zalaznick is founder of JZCP and investment adviser.

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• Topics
• DACH
• UK / Ireland
• Financials
• Expansion
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