NB Private Equity Partners Conducts Strategic Share Buy-Back
NB Private Equity Partners (“NBPE” or the “Company”) has officially announced a significant transaction involving the buy-back of its Class A Shares. This decision was made under the authority granted by shareholders and aligns with the Company’s strategy to enhance shareholder value.
Details of the Share Buy-Back
On a recent buy-back conducted through Jefferies International Limited, the Company purchased a total of 17,278 Class A Shares. This transaction took place on the London Stock Exchange on a date of significance for investors looking to understand the company's movements in the market.
The highest and lowest prices paid for these shares were £15.52 and £15.36, respectively, demonstrating the Company’s commitment to effectively manage its stock and capital structure. Following this buy-back, NBPE will cancel these Class A Shares, resulting in a reduction of outstanding shares to 43,953,422, while maintaining 3,150,408 shares in treasury.
Impact of the Buy-Back on Shareholders
For shareholders, this move is more than just a financial transaction; it signifies a robust approach towards enhancing the value of their investments. By reducing the number of shares in circulation, NBPE creates an environment for potential appreciation in share value over time.
The regulatory landscape is also important to note. Under the FCA's Disclosure Guidance and Transparency Rules, the number of voting rights following the buy-back will be reported as 43,953,422. This clarity is essential for current and prospective investors monitoring their interests in the Company.
Investor Relations Contact
For further inquiries regarding this transaction or other investment-related questions, investors can reach out to NBPE Investor Relations. The contacts include Luke Mason, who is available at +44 20 3214 9002, ensuring direct access to knowledgeable representatives.
About NB Private Equity Partners Limited
NBPE is renowned for its strategic focus on direct private equity investments and collaborates with some of the leading private equity firms globally. Managed by NB Alternatives Advisers LLC, a wholly-owned subsidiary of Neuberger Berman Group LLC, the emphasis is on sourcing, executing, and managing profitable investments.
By aligning with top-tier firms and eliminating management fees and carried interest payable to third-party GPs, NBPE creates a highly efficient fee structure, providing significant benefits to investors.
Growth and Value Appreciation
NBPE aims to achieve capital appreciation through a sustained increase in net asset value while offering shareholders the advantage of a bi-annual dividend. This dual focus on growth and income ensures a well-rounded investment opportunity.
Insight into Neuberger Berman
Neuberger Berman, founded in 1939 and now a leading independent investment manager, employs over 2,850 personnel across 26 countries. With a robust portfolio, Neuberger Berman manages a noteworthy $558 billion across various sectors including equities, fixed income, and private equity.
The firm prides itself on a philosophy grounded in active management, fundamental research, and engaged ownership. Such dedication has earned it recognition as a top employer in the financial industry, further solidifying its reputation.
Further Information
For more details about NB Private Equity Partners and their initiatives, interested parties can visit the official website where updated performance metrics and corporate news are regularly shared. This transparency underscores NBPE's commitment to its stakeholders and the market at large.
Frequently Asked Questions
What is the purpose of the share buy-back by NBPE?
The share buy-back is aimed at enhancing shareholder value by reducing the number of outstanding shares, which can potentially lead to an increase in share price over time.
How many shares did NBPE buy back?
NBPE bought back a total of 17,278 Class A Shares during this transaction.
Who manages NB Private Equity Partners?
NBPE is managed by NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC, highlighting its strong management structure.
What is the status of the shares post buy-back?
All Class A Shares purchased will be cancelled, bringing the total number of outstanding shares to 43,953,422.
Where can I find more information about NBPE?
For more information, you can visit the official NB Private Equity Partners website which provides detailed insights into their operations and performance.
