Share Buyback Announcement by NB Private Equity Partners
NB Private Equity Partners (“NBPE” or the “Company”) has recently made significant moves regarding its Class A Shares, bringing forth details that signal its strategic approach to capital management. This announcement highlights the proactive measures undertaken by the Company to enhance shareholder value through a structured buyback program.
Details of the Transaction
The Company disclosed that it executed a buyback of Class A Shares as per the authority granted by shareholders on June 12, 2024. This decision aligns with the agreement made with Jefferies International Limited, reinforcing the Company's commitment to optimizing its capital structure.
London Stock Exchange Activity
On April 25, 2025, NB Private Equity Partners completed the purchase of 4,600 Class A Shares. This operation was conducted efficiently within the framework of the London Stock Exchange, demonstrating the Company's ability to navigate the markets adeptly. Notably, the shares were acquired at prices ranging from £14.62 to £14.45.
Implications of the Buyback
All purchased Class A Shares, totaling 4,600, will be cancelled following the buyback. This pivotal action will leave the total outstanding Class A Shares at 45,613,173. Importantly, the Company holds an additional 3,150,408 Class A Shares in Treasury. For anyone tracking their investment interests, it's crucial to recognize that the new voting rights figure is set at 45,613,173, as mandated by the FCA's Disclosure Guidance and Transparency Rules.
Management and Investor Relations
For further queries regarding this transaction or investor relations, stakeholders can reach out to NBPE Investor Relations at +44 20 3214 9002 or contact Luke Mason through email. He is available to address any inquiries related to this significant transaction.
About NB Private Equity Partners
NB Private Equity Partners Limited is strategically focused on direct private equity investments alongside leading private equity firms globally. Managed by NB Alternatives Advisers LLC, an indirect wholly owned subsidiary of Neuberger Berman Group LLC, the Company emphasizes no management fees or carried interest paid to third-party general partners, promoting a more efficient fee structure compared to other listed private equity firms. NBPE aims to achieve capital appreciation through a growth-oriented portfolio while providing bi-annual dividends to its shareholders.
Overview of Neuberger Berman
Neuberger Berman has established itself as a reputable independent investment manager since its inception in 1939. With a robust workforce of over 2,800 employees across 26 nations, it efficiently manages a diverse portfolio totaling $515 billion, encompassing equities, fixed income, private equity, real estate, and hedge fund assets. Renowned for its commitment to active management and fundamental research, Neuberger Berman also prides itself on fostering engaged ownership strategies.
Frequently Asked Questions
What prompted NBPE to initiate a share buyback?
NBPE aims to enhance shareholder value and optimize its capital structure through strategic buybacks.
How many shares were repurchased by NB Private Equity Partners?
NBPE repurchased 4,600 Class A Shares during the transaction on April 25, 2025.
What will happen to the shares that were bought back?
All repurchased Class A Shares will be canceled following the buyback, adjusting the outstanding shares accordingly.
How can investors reach out for more information?
Investors can contact NBPE Investor Relations at +44 20 3214 9002 for further inquiries or email Luke Mason for specific questions.
What is the investment strategy of NB Private Equity Partners?
NBPE focuses on direct private equity investments with an efficient fee structure and seeks capital appreciation while providing dividends to shareholders.
