Insightful Overview of NB Private Equity Partners' Share Buyback
NB Private Equity Partners Announces Share Buyback Details
On a recent occasion, NB Private Equity Partners (LSE: NBPE) disclosed significant updates regarding their Class A Shares repurchase. This strategic move aligns with the overarching goal to enhance shareholder value and maintain a robust market presence.
Understanding the Buyback Transaction
The buyback was executed under the authority granted by shareholders, showcasing the company's determined approach to optimizing its capital structure. The buyback agreement was set in motion with Jefferies International Limited, a respected player in the financial services sector, affirming the company's proactive strategy.
Key Details of the Repurchase
The shares were repurchased on a notable day in mid-June, with a total of 3,000 Class A Shares acquired. This transaction occurred at a steady price of £14.10, indicating stability in the buying strategy of the company. Following this repurchase, the total outstanding Class A Shares is reported to be 45,515,711, while an additional 3,150,408 Class A shares remain in treasury.
This careful management of shares ensures that the voting rights within the market are accurately reported and reflects NBPE's commitment to transparency and governance. Stakeholders are encouraged to monitor the figures for accurate assessments of their interests in the company.
Further Communication and Investor Relations
For those looking to delve deeper into the company's activities or seeking further information, NBPE’s investor relations team is readily available. The main point of contact is Luke Mason, reachable at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com. This opens a channel of communication for any inquiries regarding investments or company performance.
Contact Information of Partner Firms
Additionally, Kaso Legg Communications can be contacted for further details, with representatives such as Charles Gorman and teams ready to assist. They can be reached at +44 (0)20 3882 6644 or via email at nbpe@kl-communications.com.
About NB Private Equity Partners Limited
Founded with an innovative approach to investment, NB Private Equity Partners has established itself as a prominent player in direct private equity investments. The company collaborates with top-tier private equity firms globally, facilitated by their investment manager, NB Alternatives Advisers LLC. This strategic alliance allows them to offer enhanced fee structures, resulting in better value for stakeholders.
NBPE aims for long-term capital appreciation, focusing on growth in net asset value, and ensures that they consistently return a bi-annual dividend to their investors. This approach signifies their steadfast commitment to delivering value and fostering trust within the investment community.
Neuberger Berman: The Backbone Behind NBPE
Supporting NBPE’s operations is Neuberger Berman, an established independent investment manager with a rich history of over 80 years. With more than 2,800 employees worldwide, they manage a diverse array of portfolios valued at approximately $515 billion. Their methodology emphasizes active management and fundamental research, ensuring that investments are sound and strategic.
As a testament to their excellence, Neuberger Berman has consistently ranked as one of the best workplaces in money management, reflecting their robust culture and dedication to their employees.
Future Outlook and Considerations
While the past performances of NBPE and Neuberger Berman have been promising, it is vital to note that investment values can fluctuate. Future outcomes may vary, and both existing and prospective investors should seek comprehensive advice from financial advisors before making decisions. The firm’s communication emphasizes transparency regarding potential risks, making it a reputable choice for informed investors.
Frequently Asked Questions
What is the purpose of the share buyback by NBPE?
The share buyback aims to optimize the capital structure and enhance shareholder value.
Who can I contact for more information about NBPE?
You can contact Luke Mason at NBPE Investor Relations at +44 20 3214 9002 or email NBPrivateMarketsIR@nb.com.
What is the current number of outstanding shares after the buyback?
After the buyback, the number of outstanding Class A Shares stands at 45,515,711.
Who manages the investments for NBPE?
The investments for NBPE are managed by NB Alternatives Advisers LLC, an indirect subsidiary of Neuberger Berman Group LLC.
What is Neuberger Berman's investment philosophy?
Neuberger Berman emphasizes active management, fundamental research, and engaged ownership to ensure effective investment strategies.
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