NB Private Equity Partners Boosts Shareholder Value with Buybacks
NB Private Equity Partners Strengthens Shareholder Commitment
In a significant move to enhance shareholder value, NB Private Equity Partners announced plans regarding a buyback of Class A Shares. This step aligns with the authority granted by shareholders during a recent vote, representing the company’s commitment to its investors.
Details of the Share Buyback
NB Private Equity Partners, often referred to as NBPE, is dedicated to making sound financial decisions that bolster its market standing. One such decision, announced recently, involves the repurchase of Class A Shares, executed through a share buyback agreement with Jefferies International Limited. This is part of a growing trend among companies focusing on returning value to their shareholders.
Transaction Summary on London Stock Exchange
On March 11, NBPE completed the purchase of 10,991 Class A Shares at prices ranging from £15.44 to £15.50. The overarching goal of such transactions is clear: to reduce the number of outstanding shares, thus increasing the value of the remaining shares.
Impact of the Buyback on Shares Outstanding
After this buyback, the total number of outstanding Class A Shares will stand at 45,924,008. Importantly, NBPE still retains a treasury of 3,150,408 Class A Shares. Such actions not only reflect a robust strategy to enhance shareholder rights but also signify the company’s proactive posture in managing its capital effectively.
How to View Voting Rights
For stakeholders, after the cancellation of the repurchased shares, the appropriate figure for calculating voting rights is 45,924,008. This figure will be critical for investors looking to make informed decisions regarding their interests.
Insights on NB Private Equity Partners
NBPE specializes in direct private equity investments alongside industry-leading firms. Their Investment Manager, NB Alternatives Advisers LLC, is committed to sourcing and managing investments efficiently, positioning the company advantageously within the competitive landscape of private equity.
Efficiency in Investments
One unique aspect of NBPE is its strategy of completing direct investments without incurring management fees or carried interest. This innovative approach not only increases fee efficiency but also allows for a more attractive investment profile compared to many publicly listed private equity firms. By strategically seeking capital appreciation, NBPE aspires to enhance net asset value over time while also distributing bi-annual dividends to shareholders.
About Neuberger Berman and Its Role
Neuberger Berman, founded in 1939, stands as a prominent independent investment manager with over 2,800 employees worldwide. With a robust portfolio exceeding $500 billion across various asset classes, they focus on active management and fundamental research. This strong backing offers NBPE a solid framework for its investment strategies, ensuring accountability and transparency.
Commitment to Responsibility
Recognized for excellence in environmental, social, and governance practices, Neuberger Berman is a proud leader in the investment community. Their commitment to sustainable investing resonates well with today’s socially conscious investors, reinforcing their reputation and fostering deeper trust with clients.
Future Outlook for NB Private Equity Partners
Going forward, NB Private Equity Partners remains focused on growth and sustainability. The implications of their recent share buyback are expected to resonate well with investors, leading to increased shareholder confidence. Such strategic movements not only bolster the immediate market trust but also lay foundations for long-term stability and growth.
Investor Relations Contacts
For investors seeking more details about NBPE's strategies or financial standing, they can easily reach out to their investor relations team:
NBPE Investor Relations
+44 20 3214 9002
Luke Mason
NBPrivateMarketsIR@nb.com
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 the overall value of each share held.
How many Class A Shares did NBPE buy back?
NBPE repurchased a total of 10,991 Class A Shares during the transaction.
What was the price range for the shares bought back?
The shares were repurchased at prices between £15.44 and £15.50.
Who manages the investments for NBPE?
The investments for NBPE are managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC.
What should stakeholders pay attention to following the buyback?
Stakeholders should note the new number of voting rights, which is now 45,924,008, as this figure is critical for making implications regarding ownership and interest in the company.
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