NB Private Equity Partners Announces Share Buyback Details
NB Private Equity Partners ("NBPE" or the "Company") is pleased to share the details surrounding its recent buyback of Class A Shares. This decision was made under the authority granted by the Company's shareholders on June 12, 2024, and follows a buyback agreement established with Jefferies International Limited.
Key Transaction Information
Purchase Date and Share Details
The buyback took place on February 11, 2025, during which the Company repurchased 2,540 Class A Shares. Notably, all shares acquired will be canceled, leading to a reduction in the outstanding shares to 46,132,731. Additionally, the Company retains 3,150,408 Class A Shares in treasury that will not impact voting rights.
Pricing Structure of the Shares
For this transaction, the highest and lowest prices per share were both set at £15.59. This consistent pricing reflects the stable valuation and demand for Class A Shares in the market, reinforcing investor confidence.
Communication and Transparency
NBPE emphasizes transparency in its operations, particularly when it comes to shareholder communications. Investors and stakeholders are encouraged to consider this reduced number of shares when assessing voting rights and determining their interests in the Company, which remains a fundamental aspect of shareholder management.
Contact Information
For any inquiries or further information regarding this share buyback or other aspects of the business, please reach out:
NBPE Investor Relations +44 20 3214 9002
Contact: Luke Mason, Email: NBPrivateMarketsIR@nb.com
Kaso Legg Communications +44 (0)20 3882 6644
Contact: Charles Gorman, Email: nbpe@kl-communications.com
About NB Private Equity Partners Limited
NBPE focuses on making direct private equity investments in collaboration with leading private equity firms worldwide. Its Investment Manager, NB Alternatives Advisers LLC, an indirect subsidiary of Neuberger Berman Group LLC, plays a pivotal role in sourcing, managing, and executing these investments. The Company is dedicated to providing efficient and effective investment strategies, often exceeding market performance benchmarks without incurring management fees or carried interest typically associated with third-party general partners.
About Neuberger Berman
Founded in 1939, Neuberger Berman has established itself as a leading independent asset management firm, boasting a robust employee ownership model and an extensive global presence. Managing over $500 billion in assets, the firm excels in various investment sectors, including equities, fixed income, private equity, and real estate. Renowned for its active management and comprehensive research methodologies, Neuberger Berman has garnered recognition for its commitment to environmental and social governance practices, making it a top workplace in investment management.
Frequently Asked Questions
What is the purpose of the share buyback by NBPE?
The share buyback aims to enhance shareholder value by reducing the number of outstanding shares, which can increase earnings per share and demonstrate confidence in the company's financial health.
How many shares were repurchased by NBPE?
NBPE repurchased a total of 2,540 Class A Shares during this transaction.
What were the prices paid for the shares?
The highest and lowest prices for the shares bought back were both £15.59.
Who can be contacted for more information regarding the buyback?
For further inquiries, investors can contact NBPE Investor Relations at +44 20 3214 9002 or via email at NBPrivateMarketsIR@nb.com.
What is the significance of the cancellation of the repurchased shares?
Cancelling the repurchased shares reduces the total number of outstanding shares, thereby potentially increasing the value of each remaining share for investors.
