Shares Buyback Announcement from NB Private Equity Partners
NB Private Equity Partners Details Share Buyback
Today, NB Private Equity Partners (“NBPE” or the “Company”) unveiled the details regarding the buyback of its Class A Shares. This decision comes from the general authority granted by its shareholders, emphasizing the Company’s commitment to enhancing shareholder value.
Overview of the Transaction
On 26 February, NBPE executed a notable buyback of 11,233 Class A Shares on the London Stock Exchange. The buyback aligns with the strategic goals of the Company, which operates under the seasoned management of the Investment Manager, NB Alternatives Advisers LLC.
Share Buyback Details
The share buyback occurred at prices between £15.56 and £15.52 for each share. Following the transaction, the total number of outstanding Class A Shares will be adjusted to 46,018,373. Additionally, the Company retains 3,150,408 Class A shares in treasury.
Importance of the Buyback
This buyback represents a significant move for NBPE, as it aims to optimize its capital structure while demonstrating its strength in the market. The share cancellation will ultimately impact how stakeholders evaluate their interests in the Company, underlining the transparency and effectiveness of NBPE's management strategies.
Understanding NB Private Equity Partners
NB Private Equity Partners is dedicated to direct private equity investments, partnering with top-tier private equity firms worldwide. The focus on capital appreciation combined with bi-annual dividend distributions underscores their commitment to delivering value to investors.
Investment Philosophy
The foundation of NBPE’s investment strategy is built on efficacy—achieving results with no management fees or carried interest payable to third-party general partners. This aligns the Company’s interests closely with those of its shareholders, promoting a culture of performance-driven investing.
About the Investment Manager
NB Alternatives Advisers LLC, as a wholly-owned subsidiary of Neuberger Berman Group LLC, plays a crucial role in sourcing and managing investments. This extensive investment framework allows NBPE to maintain a diversified portfolio with an eye towards sustainable growth.
Contact Information
For further inquiries, stakeholders can reach out to:
NBPE Investor Relations
Phone: +44 20 3214 9002
Email: NBPrivateMarketsIR@nb.com
Kaso Legg Communications
Phone: +44 (0)20 3882 6644
Email: nbpe@kl-communications.com
Frequently Asked Questions
What was announced by NB Private Equity Partners?
NB Private Equity Partners announced a buyback of Class A Shares, reinforcing their strategy to enhance shareholder value.
How many shares were bought back?
The Company bought back 11,233 Class A Shares as part of this transaction.
What price range was involved in the share buyback?
The shares were purchased at prices ranging from £15.56 to £15.52 each.
What will happen to the bought-back shares?
All shares purchased will be cancelled, reducing the number of outstanding shares.
Who manages NB Private Equity Partners' investments?
NB Alternatives Advisers LLC, a subsidiary of Neuberger Berman Group LLC, is responsible for sourcing and managing the Company’s investments.
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