NB Private Equity Partners Executes Share Buyback
NB Private Equity Partners (“NBPE” or the “Company”) has recently announced a significant financial decision regarding its Class A Shares. This buyback reflects the Company's strategy to enhance shareholder value and optimize its capital structure, following the authority granted by its shareholders.
Details of the Transaction on the London Stock Exchange
This transaction, executed in accordance with a buy-back agreement with Jefferies International Limited, outlines the terms and specifics surrounding the shares repurchased. On June 13, a total of 3,000 Class A Shares were bought back, demonstrating NBPE's commitment to effectively manage and enhance its financial standing.
Transaction Specifics
The purchase details are noteworthy:
- Date of Purchase: 13 June 2025
- Shares Purchased: 3,000 Class A Shares
- Price Range: Highest price paid was £14.10, with the lowest being £14.02.
- ISIN for Shares: GG00B1ZBD492
All Class A Shares bought back during this transaction will be cancelled, thus decreasing the total outstanding shares to 45,518,711. Following this calculation, the remaining Class A shares held in treasury total 3,150,408. This change is essential for shareholders as the market should focus on the 45,518,711 voting rights when assessing participation in the company.
Impact of the Buyback on Shareholders
The recent buyback initiative is strategic as it is set to impact the overall value and perception of NBPE within the market. The reduction in outstanding shares can lead to an increased value per share, benefitting existing shareholders and drawing in potential investors. This progressive approach showcases the Company’s dedication to maintaining strong performance and maximizing shareholder returns through effective financial management.
Future Outlook
NBPE's investment strategy is centered around direct private equity investments alongside prominent private equity firms globally. The Company operates under NB Alternatives Advisers LLC, with the Investment Manager playing a crucial role in effectively sourcing and managing investments to ensure long-term capital appreciation. By foregoing traditional management fees associated with third-party GPs, NBPE strives to provide a more efficient investment vehicle in the private equity sector.
About NB Private Equity Partners
Founded with the mission of delivering exceptional financial returns, NB Private Equity Partners focuses on strategic investments that promise substantial growth over time. The company not only aims for capital appreciation but also rewards its investors with bi-annual dividends, aligning its interests with those of its shareholders.
Additional Information on Neuberger Berman
Neuberger Berman, the parent company of the Investment Manager, has built a reputation as an employee-owned, independent investment manager. With a history dating back to 1939, Neuberger Berman oversees an extensive portfolio of approximately $515 billion across various asset classes, emphasizing active management and in-depth research. It is recognized as a leading employer in the field, committed to fostering a productive and supportive workplace.
Contact Information
For further engagement and inquiries, please reach out to:
NBPE Investor Relations +44 20 3214 9002
Luke Mason NBPrivateMarketsIR@nb.com
Kaso Legg Communications +44 (0)20 3882 6644
Charles Gorman nbpe@kl-communications.com
Frequently Asked Questions
What is the purpose of the NBPE share buyback?
The share buyback is intended to enhance shareholder value and optimize the company's capital structure.
How many shares were repurchased during this transaction?
A total of 3,000 Class A Shares were repurchased.
What becomes of the shares that are bought back?
All repurchased Class A Shares will be cancelled, reducing the total outstanding shares.
Who manages the investments for NB Private Equity Partners?
The investments are managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC.
What is the significance of the ISIN number mentioned?
The ISIN, GG00B1ZBD492, uniquely identifies the Class A Shares for tracking and regulatory purposes.
