NB Private Equity Partners Share Buyback Overview
NB Private Equity Partners (“NBPE” or the “Company”) has officially announced a significant transaction involving the buyback of its Class A Shares. This decision follows a general authority granted by its shareholders along with a set agreement with Jefferies International Limited. The share buyback is aimed at enhancing shareholder value and optimizing the Company’s capital structure.
Insights on the Share Repurchase
In a recent transaction on the London Stock Exchange, it was reported that 13,599 Class A Shares were repurchased on 3 February. The buyback reflects the Company’s ongoing strategy to return capital to shareholders efficiently. With the shares purchased at an optimal price of £15.40 each, this move underscores the management’s commitment to long-term value creation.
Current Share Status
Following the cancellation of the repurchased shares, the total number of outstanding Class A Shares will be adjusted to 46,203,166. Additionally, NBPE has retained 3,150,408 Class A Shares in treasury. For transparency and in line with regulatory guidelines, the market will now utilize the new figure of 46,203,166 voting rights when assessing any changes in interest regarding the Company.
Contact Information for Stakeholders
For more detailed information regarding this transaction, potential investors and stakeholders are encouraged to reach out to NBPE Investor Relations at +44 20 3214 9002. For inquiries, they can connect with the team via email at NBPrivateMarketsIR@nb.com.
External Communications
Charles Gorman from Kaso Legg Communications can also be contacted directly at +44 (0)20 3882 6644 for inquiries involving communications related to this development. He can be reached via email at nbpe@kl-communications.com.
Understanding NB Private Equity Partners' Strategy
NB Private Equity Partners is committed to making direct private equity investments globally, aligned with top private equity firms. The Company is managed by NB Alternatives Advisers LLC, a wholly owned subsidiary of Neuberger Berman Group LLC. Notably, it distinguishes itself by not charging management fees or carried interest to third-party general partners, enabling investors to enjoy better fee efficiency compared to other private equity entities.
Investment Philosophy and Market Position
With a focus on capital appreciation, NBPE aims for growth in net asset value while distributing a bi-annual dividend. Investing primarily in high-quality assets alongside respectably performing private equity firms has allowed NBPE to maintain a strong position in the market.
About Neuberger Berman
Founded in 1939, Neuberger Berman has established itself as an independent investment manager known for its employee-owned structure. With a workforce exceeding 2,800 professionals and managing over $500 billion in diverse portfolios, the firm prioritizes active management and fundamental research in its investment approaches. Neuberger Berman has received accolades for its exemplary practices in environmental, social, and governance (ESG) performance, being classified as a Leader by the United Nations Principles for Responsible Investment (UNPRI).
Acknowledgment of Investment Risks
While NBPE represents a promising investment opportunity, prospective investors should be mindful that investment values can fluctuate, and previous performance does not guarantee future results. Consulting with legal, financial, and investment professionals is recommended for tailored investment advice.
Frequently Asked Questions
What is the recent share buyback amount by NB Private Equity Partners?
NB Private Equity Partners has repurchased a total of 13,599 Class A Shares in its latest transaction.
When did the share buyback take place?
The share buyback occurred on 3 February.
How many outstanding shares will remain after the buyback?
After the cancellation of the repurchased shares, the outstanding Class A Shares will total 46,203,166.
Who should I contact for more information about NBPE?
Stakeholders can contact NBPE Investor Relations at +44 20 3214 9002 or email NBPrivateMarketsIR@nb.com for additional details.
What is the investment philosophy of Neuberger Berman?
Neuberger Berman focuses on active management, fundamental research, and engaged ownership, providing various financial services across its client base.
