NB Private Equity Partners Enhances Value with Share Buyback
NB Private Equity Partners has made a significant announcement regarding the buyback of its Class A Shares, a move aimed at enhancing shareholder value. This strategic decision follows the general authority granted by the Company's shareholders. The buyback initiative is in line with the Company's broader commitment to optimizing its equity structure and delivering value to its investors.
Details of the Transaction
On the London Stock Exchange, NB Private Equity Partners has disclosed purchasing a total of 1,500 Class A Shares. The purchase took place on the 1st of July, as part of an established agreement with Jefferies International Limited, a well-regarded financial services company. This strategic move is reflective of the Company's approach to share management and capital efficiency.
Share Structure and Implications
Following the buyback, the total number of outstanding Class A Shares will be 45,496,710. Additionally, there are 3,150,408 Class A Shares retained in treasury. For regulatory clarity, this number is crucial as it will be used to determine voting rights related to the Company, thus reinforcing the importance of transparency and governance in decision-making processes. The implication of canceling these bought-back shares further strengthens the equity base, aiming for a more robust financial standing.
Pricing of the Shares Purchased
The shares were acquired at a fixed price of £14.20 per share, demonstrating the Company's commitment to maintaining a disciplined approach to capital allocation. By acquiring shares at a stable price point, NB Private Equity Partners signals confidence in its long-term growth strategy and market positioning.
Contact Information
For additional inquiries regarding this share buyback or other related matters, stakeholders may reach out to the NBPE Investor Relations team. Luke Mason is available at +44 20 3214 9002.
Additional Contacts
Kaso Legg Communications can also provide assistance and can be reached at +44 (0)20 3882 6644, where Charles Gorman is available to respond to further questions and concerns.
About NB Private Equity Partners
NB Private Equity Partners focuses on making direct private equity investments in partnership with leading private equity firms globally. With a commitment to prioritizing investments that yield strong growth, NBPE collaborates closely with its investment managers, specifically NB Alternatives Advisers LLC, ensuring that they capitalize on efficient fee structures while maximizing returns for their investors.
About Neuberger Berman
Founded in 1939, Neuberger Berman is an independent, employee-owned investment manager that oversees diverse portfolios worth approximately $515 billion across several asset classes. The firm prides itself on a management philosophy rooted in active engagement and deep fundamental research. This commitment has earned it recognition as one of the top workplaces in the financial sector for numerous consecutive years.
Frequently Asked Questions
What is the purpose of the share buyback by NB Private Equity Partners?
The share buyback aims to enhance shareholder value and optimize the equity structure of the Company.
How many shares were bought back in this transaction?
A total of 1,500 Class A Shares were purchased during this share buyback initiative.
What will be the total number of outstanding shares after the buyback?
After the buyback, the total number of outstanding Class A Shares will be 45,496,710.
Who can I contact for more information about this announcement?
Stakeholders can contact NBPE Investor Relations at +44 20 3214 9002 for any inquiries.
What is NB Private Equity Partners’ investment strategy?
NBPE primarily invests in direct private equity alongside leading firms to seek capital appreciation while managing costs effectively through minimal fees.
