NB Private Equity Partners’ Latest Share Buyback Announcement
NB Private Equity Partners, also known as NBPE, has made a noteworthy announcement regarding a series of transactions involving its Class A Shares. This move follows a general authority granted by shareholders, aimed at optimizing the company’s share structure and enhancing shareholder value.
Understanding the Buyback Transaction
On March 27, 2025, NBPE executed the repurchase of 14,620 Class A Shares on the London Stock Exchange. This buyback is an integral part of the share buyback agreement with Jefferies International Limited, reflecting the company's strategy to consolidate its equity position and manage its capital effectively. The highest price paid for the shares during this transaction was £15.40, while the lowest was £15.20.
Implications of the Share Purchase
After the complete cancellation of the shares that were bought back, NBPE now has 45,781,320 outstanding Class A Shares remaining. Additionally, the company holds 3,150,408 Class A Shares in treasury. This strategic move not only improves the company's share structure but also signals confidence in its financial health to the market.
Market Transparency and Compliance
For regulatory purposes under the FCA's Disclosure Guidance and Transparency Rules, investors and market participants are advised to consider the updated figure of 45,781,320 voting rights when assessing their interest in NB Private Equity Partners. This transparency ensures that all stakeholders are informed and can make decisions based on the most current data.
Contact Information for Stakeholders
For further inquiries regarding the share buyback and other investment matters, stakeholders can reach out to NBPE Investor Relations at +44 20 3214 9002. Inquiries can also be directed via email to NBPrivateMarketsIR@nb.com.
Media Contact
For media-related queries, Kaso Legg Communications can be contacted at +44 (0)20 3882 6644. The team, consisting of professionals like Charles Gorman and Luke Dampier, is ready to assist with any press-related questions. They can also be reached at nbpe@kl-communications.com.
About NB Private Equity Partners Limited
NB Private Equity Partners Limited is an investment vehicle focused on direct private equity investments alongside some of the leading private equity firms around the world. The investment strategy implemented by the company emphasizes capital appreciation through consistent growth in net asset value over time, while also aiming to provide its investors with bi-annual dividends.
Investment Management
Managed by NB Alternatives Advisers LLC, a subsidiary of the Neuberger Berman Group, NBPE ensures effective sourcing, execution, and management of its investments. The firm's structure allows for greater fee efficiency without the burdens of management fees or carried interest typically associated with third-party general partners.
About Neuberger Berman
Founded in 1939, Neuberger Berman is a distinguished, employee-owned investment management firm with over 2,800 employees across 26 countries. Under its management are assets exceeding $500 billion that encompass various investment portfolios such as equities, fixed income, private equity, and hedge funds. Neuberger Berman is recognized for its dedication to active management and solid research, and it has earned accolades for its environmental, social, and governance practices, receiving the UNPRI 'Leader' designation.
Frequently Asked Questions
1. What is the purpose of the share buyback by NBPE?
The share buyback is aimed at optimizing the company’s capital structure and enhancing overall shareholder value.
2. How many shares did NBPE buy back in this transaction?
NBPE bought back a total of 14,620 Class A Shares during the recent transaction.
3. What is the significance of the new number of outstanding shares?
After the buyback, the total outstanding Class A Shares is now 45,781,320, which reflects the company’s enhanced equity position.
4. Who manages NB Private Equity Partners’ investments?
The investments are managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group.
5. Where can I find more information about Neuberger Berman?
For more detailed information, you can visit Neuberger Berman's official website at www.nb.com.
