NB Private Equity Partners Engages in Strategic Share Buyback
Overview of Share Buyback Transactions by NB Private Equity Partners
NB Private Equity Partners ("NBPE" or the "Company") has taken significant action to enhance shareholder value through a recent buyback of Class A shares. This decision comes as part of a strategy authorized by the shareholders to ensure effective capital deployment and financial stability. The buyback is executed in accordance with an agreement with Jefferies International Limited, a notable player in the financial markets.
Key Details of the Share Buyback
On 6 February 2025, NBPE repurchased a total of 13,558 Class A Shares. This transaction reflects the Company's commitment to optimizing its capital structure and reinforcing confidence among investors. The shares were acquired at a price range of £15.70 to £15.54, showcasing a balanced approach to market pricing and shareholder engagement.
Share Cancellation Impact
Following this buyback, all repurchased Class A Shares will be cancelled, resulting in a revised total of 46,161,591 outstanding Class A Shares. Additionally, the Company currently holds 3,150,408 Class A shares in treasury. This move is crucial for maintaining transparent voting rights, which now stands at 46,161,591. This transparency is essential for enabling informed investment decisions and attracting potential investors.
Investor Relations and Future Outlook
For more information, interested parties are encouraged to reach out to the NBPE Investor Relations team. They can be contacted at +44 20 3214 9002, allowing for any inquiries regarding the share buyback and broader investment strategy.
Company Commitment
NBPE prides itself on its strategic approach to private equity investments, collaborating with world-renowned private equity firms. Through the guidance of NB Alternatives Advisers LLC, an expert investment manager and a subsidiary of Neuberger Berman Group LLC, NBPE focuses on sourcing and managing direct private equity investments.
Understanding NB Private Equity Partners' Business Model
NB Private Equity Partners sets itself apart by pursuing investments without typical management fees or carried interest that often burden third-party general partners. This fee-efficient model is designed to maximize returns for investors, pushing for capital appreciation through steady growth in net asset value over time. Additionally, the Company emphasizes returning capital to its shareholders by issuing bi-annual dividends.
About Neuberger Berman
As a recognized leader in the investment management sphere, Neuberger Berman has established itself as an employee-owned firm dedicated to providing exceptional portfolio management services across a diverse range of asset classes. With over $500 billion in assets under management and a presence in 26 countries, Neuberger Berman emphasizes active management and responsible investment practices. Its commitment to environmental, social, and governance standards has earned the company accolades, further solidifying its reputation.
Frequently Asked Questions
What prompted NB Private Equity Partners to initiate a share buyback?
NBPE conducted a share buyback to optimize its capital structure and demonstrate a strong commitment to enhancing shareholder value.
How many Class A Shares were bought back by the Company?
The Company repurchased 13,558 Class A Shares as part of its recent transaction.
What will happen to the repurchased shares?
All repurchased Class A Shares will be cancelled, reducing the total number of outstanding shares.
How can investors reach out for more information?
Investors can contact the NBPE Investor Relations team at +44 20 3214 9002 for further information.
What differentiates NBPE's investment strategy?
NBPE's strategy revolves around fee efficiency, avoiding typical management fees and carried interest, focusing instead on direct private equity investments alongside leading private equity firms.
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