NB Private Equity Partners Executes Strategic Share Buyback
NB Private Equity Partners Implements Share Buyback
In an important move for its stakeholders, NB Private Equity Partners ("NBPE") is excited to announce the recent buyback of its Class A Shares. This decision follows the general authority granted by the shareholders in an agreement that underscores the company’s ongoing commitment to enhance shareholder value.
Details of the Buyback Transaction
The buyback took place on the London Stock Exchange, where a total of 12,430 Class A Shares were purchased on a designated date. This action aligns with the company's strategy to optimize its capital structure and return surplus capital to its shareholders.
Overview of Share Purchase
The purchases were made at prices ranging from £15.80 to £16.00, reflecting the company's priorities to execute the buyback efficiently. The shares acquired will be cancelled, which will be an essential step in ensuring that the number of outstanding shares is accurately adjusted.
Impact on Shareholders
With the completion of this buyback, the total number of outstanding Class A Shares will now stand at approximately 46 million. This restructuring not only improves the balance sheet but also boosts the per-share metrics, enhancing the overall financial attractiveness for existing shareholders.
Shareholder Notification
For those tracking their investments within the framework of the FCA's Disclosure Guidance and Transparency Rules, it’s important to note that the new figure for voting rights following the buyback will be 46,064,305. This number is crucial for any reporting or notifications concerning investment interests in the company.
About NB Private Equity Partners
NB Private Equity Partners Limited stands out in the investment landscape by making direct private equity investments alongside some of the world’s leading private equity firms. With a focus on strategic partnerships, the company optimizes investment efficiencies by ensuring that management fees and carried interest are minimal when compared to competitors.
The Investment Manager, NB Alternatives Advisers LLC, effectively manages investment strategies aimed at capital appreciation, while also securing a bi-annual dividend for its investors. This approach ensures that all stakeholders are positioned for growth and sustainable returns.
About the Management Team
NBPE's operations thrive under seasoned professionals with robust industry experience. The overarching objective remains to deliver exceptional value through rigorous sourcing, well-executed investment strategies and comprehensive asset management oversight.
Supporting Institutions
Backing of entities like Neuberger Berman Group LLC, a renowned investment manager with a long-standing history of over 80 years, enhances the credibility and robustness of NBPE's investment strategies. With a workforce exceeding 2,800 across 26 countries, Neuberger Berman has consistently been recognized for its commitment to superior asset management and governance practices.
Company Contact Information
If you're seeking further insights or inquiries regarding investment opportunities with NBPE, the investor relations team can be reached at +44 20 3214 9002. For any detailed queries, you may contact:
Luke Mason
Investor Relations: NBPrivateMarketsIR@nb.com
Kaso Legg Communications
Contact: +44 (0)20 3882 6644
Frequently Asked Questions
What prompted NB Private Equity Partners to buy back shares?
The buyback is a strategic decision aimed at enhancing shareholder value and optimizing the company’s capital structure.
How many shares were purchased in the buyback?
A total of 12,430 Class A Shares were bought back during this transaction.
What will happen to the bought-back shares?
All Class A Shares that were bought back will be cancelled, reducing the total number of outstanding shares.
What is the new number of outstanding shares after the buyback?
After the cancellation of the bought-back shares, the total number of outstanding Class A Shares will be approximately 46,064,305.
Who manages the investment strategies for NBPE?
NB Alternatives Advisers LLC is the Investment Manager responsible for sourcing and managing the investments of NBPE.
About The Author
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