“NB Private Equity Partners has completed a transaction involving the repurchase of 29,917 Class A shares at £16.18 each, reducing outstanding shares to 43,250,579. This move aligns with shareholder-approved authority, aiming to enhance value amid a trading price below net asset value, reflecting confidence in the firm’s diversified private equity portfolio.”
Transaction Details
NB Private Equity Partners, a FTSE 250-listed investment trust focused on direct investments in private companies across North America and Europe, has executed a share repurchase as part of its ongoing capital management strategy. The buyback was conducted through the London Stock Exchange, with all repurchased shares set for cancellation to streamline the capital structure.
| Detail | Information |
|---|---|
| Date of Purchase | January 2, 2026 |
| Number of Class A Shares Purchased | 29,917 |
| Price Paid (Highest/Lowest) | £16.18 / £16.18 |
| Total Consideration | Approximately £484,000 |
| ISIN | GG00B1ZBD492 |
Following this transaction, the company’s issued share capital consists of 43,250,579 Class A shares, excluding 3,150,408 shares held in treasury. Investors should note this figure for compliance with FCA Disclosure Guidance and Transparency Rules when assessing notification requirements for interests in the company.
Strategic Implications
This repurchase underscores NB Private Equity Partners’ commitment to returning value to shareholders, particularly in a market where the shares trade at a discount to the underlying net asset value (NAV). The latest reported NAV per share stands at £20.88, implying a discount of around 22% based on recent closing prices near £16.18. Such buybacks can accretively boost earnings per share and NAV per share over time, benefiting long-term holders.
The firm, managed by Neuberger Berman, maintains a portfolio diversified across sectors like healthcare, technology, consumer, and industrials, with investments in approximately 90 private companies. This approach mitigates risk while targeting mid-market opportunities, often alongside top-tier private equity managers.
Market Context
Amid broader private equity trends, where firms are navigating elevated interest rates and selective deal-making, NB Private Equity Partners’ action signals optimism in its asset base. The trust’s adjusted commitment coverage ratio exceeds 800%, providing ample liquidity for future investments and distributions. Share buybacks in this environment can serve as a tool to support share price stability and demonstrate board confidence in intrinsic value.
Key Financial Metrics
Current Share Price: Approximately £16.16 (based on recent trades)
52-Week High/Low: £16.32 / £15.02
Market Capitalization: Around £700 million
Dividend Yield: Targeting progressive payouts linked to realizations
This transaction follows a pattern of periodic repurchases under the authority granted at the June 2025 annual general meeting, with Jefferies International Limited facilitating the trades.
Disclaimer: This news report is for informational purposes only and does not constitute investment advice, tips, or recommendations. All information is derived from publicly available sources and should not be relied upon for making financial decisions.
