Recent Share Buyback Announced by NB Private Equity Partners
Overview of Recent Share Buyback by NB Private Equity Partners
NB Private Equity Partners (“NBPE” or the “Company”) has recently embarked on a significant share buyback initiative. This decision, backed by shareholders on June 12, 2024, marks a critical moment for the Company's strategy and shareholder engagement.
Key Details of the Share Buyback Transaction
The buyback involved the repurchase of Class A Shares under an agreement with Jefferies International Limited. This initiative showcases the Company’s commitment to enhancing shareholder value through strategic financial maneuvers.
Transaction Highlights on the London Stock Exchange
The shares were purchased on May 14, 2025, with a total of 3,250 Class A Shares acquired. The transaction saw prices fluctuating between £14.98 and £14.52, reflecting a strategic opportunity in the share market. Notably, after the shares are canceled, the total outstanding Class A Shares will stand at 45,572,673, while the company will retain another 3,150,408 Class A shares in treasury.
Impact on Shareholder Voting Rights
With the completion of the buyback and subsequent cancellation of the shares, shareholders are encouraged to note that the voting rights will now amount to 45,572,673. This figure is essential for determining any required notifications regarding shareholder interest changes, ensuring transparency and compliance with regulatory requirements.
Communication and Investor Relations
For those seeking more information about this transaction, the NBPE Investor Relations team is ready to assist. Interested parties can reach out to Luke Mason at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.
About NB Private Equity Partners Limited
NBPE specializes in investing in direct private equity partnerships with globally recognized firms. Its approach, managed by NB Alternatives Advisers LLC, emphasizes cost efficiency and effective management with no fees paid to third-party general partners. This model enhances overall returns while ensuring attractive bi-annual dividends for shareholders.
Company Growth and Investment Philosophy
With a clear focus on capital appreciation through net asset value growth, NBPE navigates the complex investment landscape with diligence. The company is poised for steady growth, fostering partnerships that drive value for its stakeholders.
About Neuberger Berman
Founded in 1939, Neuberger Berman stands as a testament to employee ownership in investment management, boasting over 2,800 employees across 26 countries. With assets exceeding $515 billion, the firm handles a diverse portfolio that includes equities, fixed income, private equity, real estate, and hedge funds. Its fundamental research-driven approach and engaged ownership have consistently earned recognition in the investment management sector.
Recognition and Industry Standing
Neuberger Berman has received accolades as a leading workplace in money management, reaffirming its commitment to creating a positive environment for its employees. This reputation reflects its robust corporate culture and long-term vision.
Frequently Asked Questions
What was the purpose of NBPE's recent share buyback?
The share buyback aims to enhance shareholder value and optimize capital structure by reducing the number of outstanding shares.
How many shares were repurchased by NBPE?
The Company repurchased a total of 3,250 Class A Shares during the buyback.
What were the prices paid for the shares?
The shares were purchased at prices ranging from £14.98 to £14.52.
How will the share buyback impact voting rights?
Post-cancellation, the voting rights for shareholders will be adjusted to 45,572,673, ensuring clarity in shareholder notifications.
Who can be contacted for more information regarding the transaction?
Investors seeking additional details can contact Luke Mason at the provided phone number or email.
About The Author
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