ZAIS Founder Acquires Majority Stake, Proposes Take-Private

September 18, 2017

On September 5, 2017, it was announced that Christian Zugel, founder of ZAIS Group Holdings Inc., acquired a majority stake in the company.

Christian Zugel (“Zugel”) entered into a share purchase agreement with Ramguard LLC pursuant to which Zugel became the beneficial owner of 50% of the outstanding shares of Class A Common Stock of ZAIS Group Holdings Inc. (“ZAIS Group”). In a letter to the Special Committee of ZAIS Group (the “Special Committee”), Zugel proposed a take-private transaction where he would purchase the remaining outstanding shares for $4 per share, representing a premium of more than 100% to the closing price of the shares on September 1, 2017.

ZAIS Group is a New Jersey based investment management firm specializing in corporate credit and mortgage-related structured credit strategies. As of June 30, 2017, ZAIS Group has approximately $3.752 billion in assets under management.

To read the letter from Zugel to the Special Committee: please click here.


Investment Manager M&A, Investment Manager Strategic Investments, Transactions