In Europe, a common theme of our holdings are businesses which provide 'outsourced services' such as sales/distribution channels or processing and administration services to financial institutions and major corporates. In March 2000, JZI acquired a majority holding Freedom Finance Ltd, a leading player in the UK loan and mortgage distribution and processing market. We invested alongside the founder who retained a substantial stake in the business. Since our investment we have assisted the management team significantly expand its business not only in the UK but also into Spain and Sweden. In 2004, Freedom Finance purchased a majority shareholding at Mortgage Next, the UK's largest independent mortgage distributor. www.freedomfinance.co.uk In July 2002, JZI engaged the former management team of Equifax Spain and established Collecta, a greenfield operation in the Spanish credit management services market. Today, Collecta has a strong blue chip client base and is a growing player in both B2C and B2B services in Spain. www.collecta.es In June 2004, JZI acquired a majority holding in Cannock Chase Companies BV, a leading credit management services company based in The Netherlands. www.ccc.nl In February 2005, JZI acquired a partnership with Grupo Galilea a Barcelona-based insurance broker. Galilea focuses on the provision of industrial insurance to small and medium-sized enterprises in Spain. In March 2005, JZI acquired a majority shareholding in Previnet, a leading Italian financial administration services company. www.previnet.it JZI intends to acquire further companies in this sector in other European countries with the objective of building a European Group in credit management services Our group has also invested in a wide range of others sector such as financial and support services, industrial manufacturing and other areas. Other case studies can be found at www.thejordancompany.com