JZI announces sale of Petrocorner
JZI is pleased to announce the sale of Petrocorner, a network of petrol stations throughout Spain, to a Spanish subsidiary of British Petroleum.
Headquartered in Madrid, Petrocorner is a strategic build-up in the Spanish retail petrol station market, comprised of 65 petrol stations located across Spain with annualized sales volume of approximately 250 million liters of petrol.
JZI portfolio company Eliantus Energy secures €67 million in long-term financing from Macquarie Infrastructure Debt Investment Solutions (“MIDIS”)
In October 2018, JZI finalized an agreement with MIDIS to refinance a portfolio of ten operational solar power plants owned by Eliantus, which in total represent 43MWp in generation capacity. The €67 million facility provided by MIDIS consists of fixed rate, senior secured bonds on a 23-year amortizing basis.
Having now optimized the leverage on this portfolio of ten plants, Eliantus intends to use the liquidity unlocked from the transaction to continue its buy-and-build strategy of acquiring solar power installations throughout Spain.
JZI makes investment in BlueSites, a build-up to acquire cell tower land leases in Portugal.
In December 2017, JZI completed an investment in BlueSites, a strategic build-up in Portugal to acquire existing, long-term cell tower land leases between the landlord and the owner/operator of the mobile transmission tower.
Our management partners in this project are Bluemint Capital, an experienced Portuguese management team lead by Portuguese telecommunications expert Antonio Robalo de Almeida. BlueSites will be led by Antonio as Chairman and Ricardo Lourenço as CEO.