Insights into NB Private Equity's Share Buyback Strategy
NB Private Equity Partners Announces Share Buyback Activity
NB Private Equity Partners ("NBPE" or "the Company") recently disclosed significant details regarding its share buyback program, a strategic move designed to enhance shareholder value. With a focus on accountability and growth, the Company aims to optimize its capital structure and return value to its investors.
Understanding the Share Repurchase Program
The Company's buyback initiative was executed following authorization granted by its shareholders, allowing NBPE to purchase Class A Shares as needed. This reflects a commitment to maintaining and increasing the overall value of shares available in the market.
Transaction Highlights
NBPE conducted a recent share purchase of 11,281 Class A Shares on the London Stock Exchange. The shares were bought at varied prices, specifically at a high of £15.50 and a low of £15.22. Such strategic acquisitions are crucial for enhancing per-share metrics and demonstrating confidence in market stability.
Impact on Outstanding Shares
The repurchased shares will be canceled as part of an ongoing effort to reduce the total number of outstanding shares, which is now noted to be 45,912,727. The Company also holds an additional 3,150,408 Class A shares in treasury, contributing to its strong financial posture.
Company Background and Investment Strategy
NBPE invests primarily in direct private equity ventures, collaborating with leading private equity firms globally. The Company’s investment strategy, managed through NB Alternatives Advisers LLC, revolves around sourcing promising investment opportunities without incurring management fees or typical carried interests associated with third-party general partners. This structure allows for heightened efficiency in costs compared to many other publicly listed private equity firms.
Commitment to Shareholders
The overarching goal of NBPE remains focused on achieving capital appreciation and growth in net asset value over time, coupled with the delivery of bi-annual dividends to its shareholders. This dual strategy reinforces the Company’s dedication to providing robust returns while carefully managing its resources.
About the Investment Manager
Neuberger Berman Group LLC, a respected name in the financial industry, is the parent company of the investment manager for NBPE. Established in 1939, Neuberger Berman is employee-owned and serves a vast array of clients, including institutions and individual investors. Managing over $500 billion, Neuberger Berman emphasizes active management and thorough research, driving excellence across its comprehensive investment offerings.
Achievements and Recognition
With a focus on sustainable investment practices, Neuberger Berman has earned recognition as a leading firm in environmental, social, and governance dimensions, reflecting its commitment to responsible investing. Awards highlighting its workplace culture also underscore the firm’s emphasis on nurturing talent and delivering superior financial management.
Contact Information
For inquiries related to this recent share buyback or any other questions, NBPE's investor relations team can be reached at +44 20 3214 9002. Luke Mason is available to assist, and emails can be directed to NBPrivateMarketsIR@nb.com.
Kaso Legg Communications can also be contacted at +44 (0)20 3882 6644, with Charles Gorman available to provide additional insights.
Frequently Asked Questions
What is NBPE's recent buyback program?
NBPE announced its buyback of Class A Shares as part of an initiative to enhance shareholder value, with a total of 11,281 shares repurchased.
Why did NBPE cancel the repurchased shares?
By canceling the repurchased shares, NBPE aims to decrease the total number of outstanding shares, thereby increasing the value of the remaining shares for investors.
Who manages investments for NBPE?
Investments for NBPE are managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC, which focuses on direct private equity investments.
What is Neuberger Berman's role?
Neuberger Berman is the parent company of the investment manager, overseeing a substantial portfolio and emphasizing responsible investment practices through their operations.
How can investors contact NBPE for more information?
Investors can reach NBPE's investor relations at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.
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