We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Nb Private Equity Partners Limited | NBPE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -6.00 | -0.42% | 1,410.00 | 16:35:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,414.00 | 1,398.00 | 1,414.00 | 1,410.00 | 1,416.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 13/6/2025 11:56 by essentialinvestor What on earth has happened here..Have not looked at NBPE for sometime. |
Posted at 28/5/2025 16:15 by speedsgh NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 April 2025 monthly NAV estimate.NAV Highlights (30 April 2025) # NAV per share was $27.29 (£20.43), a total return of 0.4% in the month # Approximately 62% of fair value based on private company valuation information as of Q1 2025 or based on 30 April 2025 quoted prices # Based on information received so far, private company valuations increased fair value by 0.4% during Q1 2025 on a constant currency basis # NBPE expects to receive additional updated Q1 2025 financial information which will be incorporated in future monthly NAV updates # $307 million of available liquidity at 30 April 2025 # ~151k shares repurchased during April 2025 at a weighted average discount of 33% which were accretive to NAV by ~$0.02 per share. Year to date, NBPE has repurchased ~680k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.10 per share |
Posted at 28/4/2025 10:57 by speedsgh NBPE Announces Audited 2024 Results and 31 March 2025 Est. NAV - Audited Annual Results Highlights (31 December 2024) ~ NAV per share of $27.53 (£21.98) ~ 1.5% NAV TR in the 12 months to 31 December 2024, driven by an increase in private valuations, offset by quoted holdings and FX ~ Private portfolio value increased 6.9% in 2024 on a constant currency basis ~ Strong portfolio company operating performance: LTM revenue and EBITDA growth of 8.0% and 13.1%, respectively, during 20241 ~ $179 million of proceeds from realisations received during 2024 ~ Well positioned to take advantage of investment opportunities - $283 million of cash and undrawn credit line available ~ $0.94 per share of dividends paid during 2024 Peter Von Lehe, Managing Director and Head of Investment Solutions & Strategy at Neuberger Berman commented: “NBPE ended 2024 with net assets of $1.3 billion, reflecting a NAV per share of $27.53 and a total NAV return of 1.5% for the year. This performance was driven by the strong operating performance of our private investment portfolio, which grew in value by 6.9% on a constant currency basis. However, these gains were partially offset by the impact of foreign exchange fluctuations and public holdings. Despite a more challenging environment for private equity exits, NBPE delivered solid realisations in 2024, generating $179 million in proceeds – equivalent to 14% of the portfolio's opening fair value. NBPE ended the year in a strong financial position with $283 million of available liquidity and an investment level of 102%, which is at the lower end of the long-term target investment level range of 100-110%.” Paul Daggett, Managing Director of Neuberger Berman, continued: “Overall, the underlying portfolio of private companies continued to perform well, reporting a weighted average LTM revenue and EBITDA growth1 of 8.0% and 13.1%, respectively. It is encouraging to see that the four new investments made in 2024 are off to a good start, being valued at a 1.1x gross multiple of capital and generating a 22% IRR on a combined basis as of 31 December 2024. Despite recent market volatility and uncertainty, we remain confident that NBPE is well-positioned to perform across a range of economic scenarios. The portfolio remains well-diversified across our two key themes, and we believe it is well-positioned to continue to deliver growth over the long term.” The Company’s 2024 Annual Report and a video from Neuberger Berman to accompany the results are available to view at: Portfolio Update to 31 March 2025 ~ NAV TR increase of 0.4% YTD 2025 ~ 31 March 2025 NAV per share of $27.17 (£21.05) ~ YTD NAV driven by positive FX adjustments, offset by declines in quoted holdings ~ 31 March 2025 monthly NAV estimate does not include any Q1 2025 private company valuations Realisations from the portfolio in 2025: ~ $47 million of proceeds received in the first three months of 2025 ~ Realisations to date driven by full exits of USI and Kyobo Life Insurance, partial realisations of Tendam, Qpark, Clearent, and Osaic, as well as full and partial realisations of certain quoted holdings and income investments ~ A further ~$20 million of proceeds is expected in the coming months from pending transactions Robust liquidity – well positioned to take advantage of opportunities $283 million of available liquidity ($73 million cash/liquid investments and $210 million of credit line) 2025 Share Buybacks Through 25 April 2025, NBPE has repurchased approximately 624k shares for $12.3 million at a weighted average discount of 29%, resulting in a NAV accretion of approximately $0.10 per share Portfolio Valuation The fair value of NBPE’s portfolio as of 31 March 2025 was based on the following information: ~ 6% of the portfolio was valued as of 31 March 2025 ~ 6% in public securities ~ 94% of the portfolio was valued as of 31 December 2024 ~ 93% in private direct investments ~ 1% in private fund investments |
Posted at 17/4/2025 09:50 by speedsgh NBPE Announces Analysis of Tariff Impact - NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces an analysis of the potential impact of US trade tariffs on its portfolio. Following the Trump Administration&rsquo An updated investor presentation on tariffs is available on the investor relations section of NBPE’s website at www.nbprivateequityp |
Posted at 14/1/2025 16:46 by speedsgh NBPE Announces 1H 2025 Dividend - Distribution amount: $0.47 per Share Ex-dividend date: 23 January 2025 Dividend record date: 24 January 2025 Final day for Currency Election: 7 February 2025 Final day for Dividend Re-investment Plan Election: 7 February 2025 Payment date: 28 February 2025 |
Posted at 25/9/2024 08:19 by speedsgh NBPE Announces August Monthly NAV Estimate - NAV Highlights (31 August 2024) ~ NAV per share was $27.44 (£20.88), a total return of 0.1% in the month ~ Performance driven by 1.4% quarterly uplift in private company valuations (ex-FX), offset by negative FX adjustments of 0.2% ~ Year to date NAV TR of 1.2% ~ $73 million invested in new and follow on investments year to date ~ $390 million of available liquidity at 31 August 2024 ~ 2H 2024 dividend of $0.47 paid on 30 August 2024 ~ Annualised dividend yield at 31 August 2024 NAV of 3.4%; annualised share price yield is 4.5% based on the closing share price of £15.92 on 31 August 2024 NAV performance during the month driven by: ~ 0.1% NAV increase ($1 million) from postive FX movements ~ 0.5% NAV increase ($7 million) from the value of quoted holdings (which now constitute 7% of portfolio fair value) ~ 0.4% NAV decrease ($5 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability |
Posted at 29/8/2024 11:55 by speedsgh NBPE Announces July Monthly NAV Estimate - NAV Highlights (31 July 2024) ~ NAV per share was $27.41 (£21.34), a total return of 1.8% in the month ~ Performance in the month primarily driven by the Q2 2024 private company valuations, which increased by 1.4% in the quarter (on a constant currency basis) ~ 2024 year to date private company valuations have increased by 4.4% on a constant currency basis; this performance has been partially offset by movements in value of quoted holdings and foreign exchange headwinds ~ $27 million of proceeds received during the month, primarily driven by a partial realisation in Action, taking total proceeds received in 2024 year to date to $153 million ~ $407 million of available liquidity at 31 July 2024 ~ 72% of the portfolio valued based on Q2 2024 private valuations or quoted holdings as of 31 July 2024.2 Additional Q2 2024 private company valuation information is expected in the coming weeks ~ 2H 2024 dividend of $0.47 per share accounted for in 31 July 2024 NAV, and will be paid on 30 August 2024 ~ Annualised dividend yield at 31 July 2024 NAV of 3.4%; annualised share price yield is 4.4% based on the closing share price of £16.12 on 27 August 2024 NAV performance during the month driven by: ~ 1.8% NAV increase ($23 million) from the receipt of additional private company valuation information ~ 0.2% NAV increase ($2 million) from positive FX movements ~ 0.1% NAV increase ($1 million) from the value of quoted holdings (which now constitute 7% of portfolio fair value) ~ 0.3% NAV decrease ($4 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability |
Posted at 17/7/2024 14:59 by speedsgh NBPE Announces June Monthly NAV Estimate & 2H 2024 Dividend Payment - NAV Highlights (30 June 2024) ~ NAV per share was $27.39 (£21.67), a decrease of 0.4% in the month ~ Q1 2024 private valuations up 2.4% on a constant currency basis; year to date performance offset by quoted holdings and foreign exchange adjustments ~ $386 million of available liquidity at 30 June 2024 ~ 2H 2024 dividend of $0.47 per share, in-line with the previous dividend in February 2024. Annualised dividend yield on 30 June 2024 NAV of 3.4%; annualised share price yield is 4.4% based on the closing share price of £16.70 on 15 July 2024 ~ 98% of the portfolio valued based on Q1 2024 private valuations or quoted holdings as of 30 June 2024.2 Q2 2024 private company valuation information is expected in the coming weeks NAV performance during the month driven by: ~ 0.2% NAV decrease ($2 million) from the receipt of additional private company valuation information ~ 0.3% NAV decrease ($4 million) from negative FX movements ~ 0.2% NAV increase ($3 million) from the value of quoted holdings (which now constitute 6% of portfolio fair value) ~ 0.1% NAV decrease ($2 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability NBPE announces the 2H 2024 dividend of $0.47 per share, in-line with the previous dividend in February 2024. The dividend timetable is set forth below: Distribution amount: $0.47 per Share Ex-dividend date: 25 July 2024 Dividend record date: 26 July 2024 Final day for Currency Election: 2 August 2024 Final day for Dividend Re-investment Plan Election: 2 August 2024 Payment date: 30 August 2024 |
Posted at 11/1/2024 17:10 by speedsgh NBPE Announces 1H 2024 Dividend - William Maltby, Chairman, commented: “Today’s announced $22m dividend represents the 23rd consecutive dividend payment to be made to shareholders, taking total capital returned to shareholders via dividends to $338 million since 2013. Given the continued strong realisation activity in the portfolio, with $171 million of realisation proceeds received in 2023, the Board has also increased the Company’s existing allocation to buybacks.” 1H 2024 Dividend & Approach to Capital Allocation ~ 1H 2024 dividend payment of $0.47 per share to be paid on 29 February 2024 ~ Annualised dividend yield on 30 November 2023 NAV of 3.4% and 4.5% on closing share price of £16.55 on 10 January 2024 ~ Since 2013, NBPE’s average annualised dividend yield is 4.3% (based on the time of announcement) ~ Increase in the existing capital allocation to share buybacks; funds allocated and will remain allocated to buybacks ~ The Board intends to repay the Company’s 2024 ZDPs in October 2024 |
Posted at 04/1/2024 10:53 by spangle93 NBPE chosen by Kepler boss as his pick for the year. For balance, his suggestion at the start of last year was down 12%.For 2024 I am switching asset class, but remaining in private markets, where I continue to think there is significant potential for skilled investors to add considerable alpha. My pick is NB Private Equity Partners (NBPE), which is a private equity trust which focusses solely on co-investment. This is a process where private equity managers invite third-party investors such as Neuberger Berman (NB) into selected deals. NBPE is an equity investor, and sits alongside these third-party managers, typically on a fee-free basis. NB have long experience in co-investing and selects only those investments which it think have a strong likelihood of success. The historic track record is strong, but returns have been relatively muted since the end of 2021 as a result of two headwinds which in our view are starting to roll off. Firstly, during 2021 several of NBPE’s successful investments chose to IPO as a means of starting the exit process. NBPE remained invested in a rump of these quoted investments, which were negatively affected by the downturn in equity markets during 2022. At the same time, rising interest rates led to a significant slowdown in realisation activity, from the boom years of 2020 and 2021. NBPE is in a strong position to weather a deal slowdown, because of the deal-by-deal way in which it deploys capital. As such, the trust is very unlikely to find itself overextended because of commitments, and it can deploy capital opportunistically. The portfolio is increasingly mature, meaning that many of the investments may be at a stage where the sponsor (or private equity manager leading the deal) is looking to crystallise value gains through a transaction. The portfolio of mainly US-headquartered companies has delivered strong earnings growth over past years, a function I believe of the strong stock picking delivered by NB. There is no guarantee of course that this will continue, but I believe that private equity-backed companies are more resilient than those on quoted markets. Fundamentally, the private equity industry has developed such that the resources that managers can lean on to support investee companies’ management is huge. They can react quickly to changed circumstances, and gain market share when dynamics change. Certainly, private equity-backed companies do tend to be more enthusiastic users of borrowing. However, we believe that there is evidence that whilst higher rates are a headwind, they are not an insurmountable or life-threatening challenge, especially as interest rates look to be on a downward trend. NBPE’s discount has narrowed from its widest levels but still sits at a discount to NAV of c. 25%. Of more interest, in our view, is the latent potential of its investments. If deal activity starts to normalise thanks to interest rates starting to fall from their peak, then we believe there is potential for some strong progress on the NAV front. We think it is likely that dividends will remain the primary route for returning capital to shareholders. Over the last ten years, NBPE has returned c. $375m of capital, of which the majority has been through dividends that add to $316m over the period. NBPE’s board has not ruled out share buybacks, and so if the share price doesn’t keep up with the NAV, it clearly has to be an interesting and accretive avenue for re-deploying capital from realisations. A potential tailwind to the investment case, given that the portfolio is denominated in US dollars (USD), is recent USD weakness, which has fallen from 1.21 to the pound at the start of October, to 1.27 at the time of writing. Certainly, there are those (including FT journalists) who believe that private equity valuations are opaque and too high, and riding for a fall in the new era of higher interest rates. I’m not of the same view, believing that private equity managers, such as those that NB partners with for NBPE, create value in a repeatable process over cycles. NBPE is a great way to access this talent, hence why I am picking it as my trust for 2024. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
