NB PE Partners Makes Significant Share Repurchase Move

NB Private Equity Partners Engages in Share Buyback

NB Private Equity Partners ("NBPE") recently announced an intriguing development regarding its Class A shares. The company has initiated a buyback of shares as authorized by shareholders, showcasing its commitment to strengthening its equity position in the market.

Overview of the Buyback Transaction

This strategic move involved buying back a specific number of Class A shares through an agreement with Jefferies International Limited. The successful completion of this operation is a signal of confidence in the company's long-term prospects.

Details of the Share Purchase

On the designated purchase date, the company acquired a total of 10,827 Class A shares. This process is geared towards optimizing the company’s capital structure while enhancing shareholder value. The highest and lowest prices paid for these shares were £14.40 and £14.29, respectively, which reflects a consolidated effort to manage share valuation effectively.

Impact of the Share Buyback

All shares acquired during this transaction will be cancelled. This will bring the total number of outstanding Class A shares to 45,305,761. Additionally, there are 3,150,408 Class A shares held in treasury. This pivotal change in the number of shares highlights NBPE's proactive approach to managing its equity base.

Understanding the Role of NBPE

NBPE is a unique investment vehicle specializing in direct private equity investments. Functioning alongside renowned private equity firms, NBPE is distinct in its commitment to minimizing costs associated with management fees and carried interests. This means investors can look forward to a more efficient allocation of their resources, enhancing potential returns.

Investment Strategy and Goals

As the investment manager, NB Alternatives Advisers LLC focuses on sourcing and managing investments for NBPE. Their overarching goal is to foster capital appreciation through strategic investments, while also ensuring a consistent return through bi-annual dividends.

The Parent Company: Neuberger Berman

Founded in 1939, Neuberger Berman has become a leader in the investment management space, employing over 2,800 staff across 26 countries. With an impressive asset management portfolio of $538 billion, the firm's stability is underscored by its employee-owned structure and commitment to active management along with thorough research and owned engagement.

Investor Information and Contact Details

For investors and interested stakeholders looking to gain more insights into NB Private Equity Partners, direct inquiries can be made through various channels. NBPE Investor Relations is available for assistance at +44 20 3214 9002. Additionally, inquiries can be directed via email to NBPrivateMarketsIR@nb.com for specific information.

Contacting Kaso Legg Communications

Another resource for updates and communications is Kaso Legg Communications, which can be reached at +44 (0)20 3882 6644. They play a crucial role in facilitating communications regarding NBPE's activities and achievements.

Frequently Asked Questions

What is the purpose of the share buyback by NBPE?

The share buyback aims to strengthen the company's equity position, enhance shareholder value, and optimize the capital structure of NBPE.

How many shares were bought back in the recent transaction?

In the recent transaction, NBPE bought back a total of 10,827 Class A shares.

What will happen to the shares purchased during the buyback?

All Class A shares acquired during this buyback will be cancelled, reducing the number of outstanding shares.

Who manages the investments for NBPE?

Investments for NBPE are managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC.

How can investors contact NBPE for more information?

Investors can reach NBPE Investor Relations at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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