A0MXLB NB Private Equity Partners

Redemption of 2024 Zero Dividend Preference Shares and Notice of Cancellation

Redemption of 2024 Zero Dividend Preference Shares and Notice of Cancellation

THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

Redemption of 2024 Zero Dividend Preference Shares and Notice of Cancellation

30 October 2024

NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces that the Company will request the admission to and trading of the 2024 ZDPs on the Specialist Fund Segment of the Main Market of London Stock Exchange plc be cancelled. The cancellation will follow the redemption of the 2024 Zero Dividend Preference Shares (“2024 ZDPs”), with effect from 12:00 pm on 30 October 2024.  

As previously announced, the maturity date of the 2024 ZDPs is 30 October 2024 and the final capital entitlement is 130.63 pence per share.

Cheques are expected to be mailed to holders on 30 October 2024.

CREST accounts are expected to be credited on 30 October 2024.

For further information, please contact:

NBPE Investor Relations         +44 (0) 20 3214 9002

Luke Mason                               

Kaso Legg Communications   +44 (0)20 3882 6644

Charles Gorman                       

Luke Dampier

Charlotte Francis

About NB Private Equity Partners Limited

NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

LEI number: 213800UJH93NH8IOFQ77

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $509 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader’s Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years

This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security. NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE's investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains "forward-looking statements." Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

(firms with more than 1,000 employees). Visit for more information. Data as of September 30, 2024.





1 Based on net asset value.





EN
30/10/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on NB Private Equity Partners

 PRESS RELEASE

Holding(s) in Company

Holding(s) in Company TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GG00B1ZBD492 Issuer Name NB PRIVATE EQUITY PARTNERS LIMITED UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name CCLA Investment Management Ltd City of registered office (if applicable) London Country of registered office (if applicable) United Kingdom 4. Details of the shareholder Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above ...

Mark Thomas
  • Mark Thomas

NB Private Equity Partners - CM day: 6 November fireworks

The key takeaways from NBPE’s 6 November CM day, in our view, were i) positive market indications, including exits and an increase in the correlation between operating company EBITDA growth and NAV growth, ii) NB’s platform brings unique benefits: accessing deals, analysing investment opportunities, and GP relationships, (which have generated a big increase in opportunities presented to them, even when the overall market slowed), and iii) multiple levers for value creation mean that bottom-line...

 PRESS RELEASE

Hardman & Co Research on NB Private Equity Partners - CM day: 6 Novemb...

Hardman & Co Research Hardman & Co Research on NB Private Equity Partners - CM day: 6 November fireworks 13-Nov-2024 / 11:25 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on NB Private Equity Partners CM day: 6 November fireworks  The key takeaways from NBPE’s , in our view, were i) positive market indications, including exits and an increase in the correlation between operating company EBITDA growth and NAV growth, ii) NB’s platform brings unique benefits: accessing deals, analysing investment opportunities, and GP relatio...

Mark Thomas ... (+2)
  • Mark Thomas
  • Martin Hall

The Hardman & Co Monthly: November 2024

Feature article: “ROOM” (Running Out of Money) risk, How managing liquidity risk can sustain corporate value and maintain shareholder confidence As we come close to the end of a very challenging year for many UK entrepreneurs, as well as a frustrating period for shareholders, it is time to address one elephant in the ROOM! ROOM stands for “Running Out of Money”. The risk of doing so, or the perception that it could occur, can destroy corporate values and prematurely paralyse a business. While ...

 PRESS RELEASE

NBPE Announces Appointment of Oak Group as Guernsey Adminstrator

NBPE Announces Appointment of Oak Group as Guernsey Adminstrator THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS NBPE Announces Appointment of Oak Group as Guernsey Adminstrator 1 November 2024 NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces the appointment of Oak Fund Services (Guernsey) Limited as NBPE’s Guernsey Administrator and Company Se...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch