JZ Capital targets Denmark with SAC purchase

The GP paid €2.8m for its stake, investing via its EuroMicroCap fund. JZCP also provided mezzanine financing to the business, to the tune of €4.8m.

It currently remains unclear who JZCP bought the stake from, or whether the remainder of the shares in the company will be held by management. The private equity firm declined to comment on these points.

The deal marks JZCP's first venture in Denmark. The US private equity house has so far focused its European activity in countries such as the UK (with portfolio companies including legal services firm The Winn Group) and Germany. This is not JZCP's first foray in the Nordic region, however, with past investments including Freedom Finance Sweden, a provider of consumer loan brokerage services later sold to Pollen Street's Target Group.

Company
Based in Copenhagen, SAC is an operational van-leasing company. The business offers short- and long-term leases with an average lease period of around four years. SAC's operations include procurement, financing, service and warranty, as well as resale.

People
David Zalaznick led the deal for JZCP.

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