NB Private Equity Partners Announces Strategic Share Buy-Back
NB Private Equity Partners Announces Class A Share Buy-Back
NB Private Equity Partners (“NBPE” or the “Company”) recently revealed exciting news regarding its ongoing commitment to enhancing shareholder value. The Company has officially announced details about its repurchase of Class A Shares, which falls under the general authority previously granted by its shareholders.
Details of the Transaction
This share buy-back was facilitated through an agreement made with Jefferies International Limited. Such strategic moves indicate NBPE’s proactive approach in managing its equity and ensuring a robust performance in the market.
Transaction Insights
In total, on a recent purchase date, NBPE bought back 16,865 Class A Shares. The figures represent careful consideration of the market, as the shares were purchased at prices ranging from £14.23 to £14.40. This transparency in pricing demonstrates the Company’s commitment to responsible financial practices.
Impact of Share Cancellation
Upon completion of this transaction, all repurchased shares will be cancelled. As a result, the updated total of outstanding Class A Shares will be 45,666,678. Additionally, the Company retains 3,150,408 Class A shares within treasury. These actions impact the calculations for voting rights, which should now be based on the 45,666,678 shares outstanding.
Market Significance
From a market perspective, the application of the Financial Conduct Authority's (FCA) Disclosure Guidance and Transparency Rules means that stakeholders will be using these figures to assess their interests and report any changes appropriately. This move not only strengthens the Company's capital structure but also allows for more efficient market interactions.
About NB Private Equity Partners Limited
NB Private Equity Partners is distinguished in the financial landscape for its sole focus on direct private equity investments alongside top-tier private equity firms around the globe. Under the management of NB Alternatives Advisers LLC, an entity fully owned by Neuberger Berman Group LLC, NBPE is adept at sourcing and managing investments that target substantial capital appreciation over time.
Dividends and Investment Strategy
In addition to seeking growth in net asset value, NBPE is committed to returning value to shareholders via bi-annual dividends. This dual focus sets it apart from many other investment entities that may not offer similar value propositions.
Contact Information
For those seeking further details, NB Private Equity Partners encourages direct communication with their Investor Relations team. You can reach out through the following contact points:
NBPE Investor Relations
+44 20 3214 9002
Luke Mason
Email: NBPrivateMarketsIR@nb.com
Kaso Legg Communications
+44 (0)20 3882 6644
Charles Gorman
Email: nbpe@kl-communications.com
Luke Dampier
Charlotte Francis
About Neuberger Berman
Neuberger Berman is a well-respected global investment management firm founded in 1939, boasting a dedicated workforce of over 2,800 members spread across 26 countries. They manage a significant portfolio exceeding $500 billion, encompassing equities, fixed income, private equity, real estate, and hedge funds. The firm emphasizes an investment philosophy grounded in active management, fundamental research, and strong ownership engagement.
Recognition and Commitment
A recognized leader in the investment management industry, Neuberger Berman is distinctively honored by organizations for their excellence in environmental, social, and governance (ESG) principles. Their commitment to responsible investment has garnered them accolades of being among the best places to work in the money management sector for a decade.
Frequently Asked Questions
What is the purpose of the share buy-back?
The share buy-back aims to enhance shareholder value and manage the Company’s equity structure effectively.
How many shares were repurchased by NBPE?
NBPE repurchased a total of 16,865 Class A Shares in this transaction.
What is the new total of outstanding Class A Shares?
The updated number of outstanding Class A Shares after the buy-back will be 45,666,678.
Who manages the investments for NBPE?
NBPE’s investments are managed by NB Alternatives Advisers LLC, a wholly-owned subsidiary of Neuberger Berman Group LLC.
What is Neuberger Berman known for?
Neuberger Berman is known for its employee-owned investment management approach and a focus on active management and responsible investment practices.
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