JZ International London Madrid New York JZ INTERNATIONAL - PowerPoint PPT Presentation

JZ International London · Madrid · New York JZ INTERNATIONAL Long-Term Value Investor in Europe

JZ International London · Madrid · New York JZ International JZ International Office: London 8 Investment Professionals 2 Operating Professionals “European Operations Group” led by JZI Partners with operational background, former enterpreneurs and Office: Madrid industry specialists 2 Investment Professionals 2 Operating Professionals Investments primarily in Western Europe 19 22 Long-term Return through Entrepreneur talks 19 22 Long-term Return through Entrepreneur talks Portfolio companies Add-on acquisitions growth capital value generation to Entrepreneur Portfolio companies Add-on acquisitions growth capital value generation to Entrepreneur 2

JZ International London · Madrid · New York Investing in small and mid-size businesses for 30 years  Since 1982 David Zalaznick and Jay Jordan have invested in small and mid-size companies around the world  Investment philosophy is to become the true value investor of choice by providing long term capital to small and mid-size companies.  Returns are generated through value generation and not through financial engineering. Bank finance enhances the return but does not generate it  Investments have been made in USA, Canada, Brazil, China, UK, Finland, Sweden, Norway, Germany, Holland, Italy, Czech Republic and Spain.  Completed in excess of 200 deals in 16 different industrial sectors.

JZ International London · Madrid · New York European Investment Focus  JZ International dates back to 1999 when David Zalaznick, Jay Jordan and Jock Green Armytage started investing in Europe together.  JZ International provides long term capital to small and mid-size companies for growth, capital diversification, family succession, MBO or MBI with a preference for but not limited to the services and BPO sectors.  In 2003, JZI developed the “European Operations Group”. A team led by JZI partners with operational and management background, complemented by former entrepreneurs and industry specialists to actively assist portfolio companies to enter the next phase of development.  JZ International encourages significant interaction between entrepreneurs and managers in its portfolio companies to promote best practice as well as business opportunities across Europe.

JZ International London · Madrid · New York Investment Criteria  JZ International has closed 30 + investments in various sectors through out Europe with a combined revenue over Euro 1 billion.  Current investments include companies in the following sectors: Energy Trading, Wireless Equipment, Financial Outsourcing, Security Services and Digitalization & Storage.  Platform companies have an EBITDA between Euro 4 M and 20 M, whilst add-on acquisitions can have smaller EBITDA.  JZ International will invest across all of Europe, currently JZI has invested in 10 European countries.  JZ International looks for strong management, stable cash flow and a scalable business models.

JZ International London · Madrid · New York Management Principals  JZ International leaves all day to day decisions in the hands of the management/owner partners in the business.  JZ International and management will have equal vote on key strategic decisions such as capital increase, business development etc…  All attempts will be made so that Growth capital requirement will not dilute any shareholders.  JZ International will create a group in the sectors it invests in. Hence JZI’s partners can share best practice, customers, supplier discounts etc…

JZ International London · Madrid · New York Senior Partners Partner Background Core responsibility Prior Experience David Zalaznick Middle Market Buyout All aspects of Portfolio The Jordan Company Managing Principal Investor Strategy and Implementation JZ Capital Partners Since 1982 Jock Green-Armytage Corporate Management Portfolio Company JZ Capital Partners Chairman Middle Market Buyout Operations NM Rothschild Since 1987 Investor The Guthrie Corp Kelt Energy PLC William Baird PLC AMEC Miguel Rueda Hernando Corporate Management Portfolio Company Equifax Partner Operations Barclays Since 2002 Martin Wright Middle Market Buyout Origination and Due ABN AMRO Partner Investor Diligence Hambros Since 2003 Portfolio Financing Touche Ross Fund Portfolio Exit Management Torben Luth Corporate Management Origination and Due Diligence Jordan Industries Inc Partner Invest in Denmark Since 1998 Samson Logistics Hans Luth Processor Ole Groth Corporate Management Origination and Due Diligence E3Light International Partner Portfolio Financing Nestle International Since 2006 Realization Management NC Finanzas Corp Michael Schmitz Mezzanine Investor Origination and Due Diligence MezzVest Partner Accountancy Portfolio Financing KPMG Since 2007 Realization Management Deloitte and Touche

JZ International London · Madrid · New York JZ Financial Service JZ Document Management JZ Security Loan Broker Cash Management Docout SP Grupo Ombuds SP Freedom Finance – Cannock Chase NL Spain Mandaat NL Seeking Targets in: Seeking Targets in: Sweden MacKenzie Hall UK UK UK Norway Collecta SP Spain Spain Finland Diagonal Recobros SP Italy Italy Moneio UK Gedesco SP Germany Germany Pagaralia SP Back Office Insurance Broker JZ Energy JZ Telecom Services Processing Xacom SP Previnet IT Grupo Galilea SP Factor Energia SP Eurolloyd SP Previmedical IT M24 SP Diagonal Gest SP Seeking Targets in: Seeking Targets in: Gesar SP UK UK Atacas SP Spain Spain Italy Italy Germany

JZ International London · Madrid · New York Personal Finance Group  Original investment, March 2000 in Freedom Finance UK.  Add - on investments in Sweden and Norway.  Greenfield investments in Spain and Finland.  The group focuses on finding borrowers the best mortgage or personal loan.  Group synergies include sharing banking relationships, advertising design and IT systems.

JZ International London · Madrid · New York Personal Finance Group  Freedom Finance United Kingdom Original Investment March 2000 – Focused on providing individuals with the best mortgage or personal loan available to an applicant based on their financial situation.  Greenfield start ups in Freedom Finance Spain, Freedom Finance Ireland and Freedom Finance Finland.  Acquisition of Freedom Finance Sweden and Centum Norway.  Spin out and divested – Freedom Funding, specialized mortgage lender in the UK.  Moneio – Straight through processor of mortgages via the Internet.

JZ International London · Madrid · New York Credit Management and Working Capital Solutions  Hiring of management team for Greenfield start up in Spain.  Acquisition made in Holland and United Kingdom.  Add - on acquisition made in Holland and Spain.  The group collects all types of debt from three days old to many years old.  The companies have shared clients across Europe as well as IT systems for various type of debt collection.

JZ International London · Madrid · New York Credit Management and Working Capital Solutions  Collecta in Spain was founded in 2002 with an experienced management team to focus on collecting very early stage consumer debt.  Cannock Chase Holland was acquired in 2004 to be the business collection arm of the group. Experience and technology was exchanged with Collecta so that both could work in B2B and B2C collection.  McKenzie Hall based in the United Kingdom was added in 2006 to bring the ability to collect debt which was very old and where the debtor has to be tracked down.  With JZI becoming a partner in Gedesco Spain the group is also able to offer financing by acquiring outstanding invoices in Spain.  Cannock Chase has made a number of add-on acquisition and Collecta has made one in Spain.

JZ International London · Madrid · New York Back Office support  Initial acquisition of Gesar in Spain.  MBO of Previnet in Italy from three large corporate.  Strengthening of Gesar with acquisition of Diagonal Gest.  Add on acquisitions in Italy and Spain.  The group provides back office services for banks, insurance companies and pension funds.  The group has rationalized costs by sharing facilities and increased sales by cross selling across clients.

JZ International London · Madrid · New York Back Office Support  The initial acquisition of Gesar was done in 2005, the first investment into providing services for Financial Institutions. A number of small add on acquisitions followed to expand the geographic territory which Gesar operated in.  In 2007 Diagonal Gest doubled the size of the group in Spain and allowed national coverage for providing services to financial institutions.  The MBO of Previnet which took place in 2005, from three large Italian corporate, has allowed the management to more than triple the business with the strategic help of JZI. Previnet provides back office administration for pension funds and insurance products.