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.
JZI makes investment in Karium
In August 2018, JZI finalized an investment in Karium, a unique portfolio of personal care brands, primarily in the hair care and skin care categories, recognized throughout the UK and internationally.
The brands owned by Karium include the fast-growing PRO:VOKE, an expert hair color enhancement and care brand; Soft & Gentle, a fragrance led anti-perspirant deodorant and care brand; Cuticura, an anti-bacterial hand hygiene and medicated skin care brand; and Inecto, a natural hair and body care brand centered on coconut and argan oil.
Alongside Karium’s strong management team and operating executive Richard Otley, JZI intends to continue to grow the business organically as well as through a focused buy-and-build strategy across the UK and Europe.