NB Private Equity Partners Limited Nb Private Equity Partners Limited : Appointment Of New Sponsor
13 February 2017 - 6:00PM
UK Regulatory
TIDMNBPE
NB Private Equity Partners Limited - Corporate Update
13 February 2017
NB Private Equity Partners Limited ("NBPE" or the "Company"), a
closed-end private equity investment company, announces the appointment
of Jefferies International Limited to act as sponsor and financial
adviser to the Company as it evaluates a range of strategic initiatives
relating to its corporate governance structure and listing arrangements.
These initiatives include the potential for increasing the voting rights
of the Company's class A ordinary shares ("A Shares") and a transfer of
listing of the A Shares from the Specialist Fund Segment to the Premium
Segment of the London Stock Exchange. The listing of the A Shares on
Euronext Amsterdam would not be affected.
The Board is working with the Company's advisers to evaluate a number of
technical matters in this regard before determining the most appropriate
course of action for the Company. The Board is committed to optimising
the Company's structure in a way that maximises value for, and protects
the interests of, all NBPE shareholders.
The Company intends to make a further announcement in the near future.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
Neustria Partners +44 20 3021 2580
Nick Henderson
Nick.Henderson@neustriapartners.com
Robert Bailhache
Robert.Bailhache@neustriapartners.com
Charles Gorman
Charles.Gorman@neustriapartners.com
ABOUT NB PRIVATE EQUITY PARTNERS LIMITED
NBPE is a closed-end private equity investment company with class A
ordinary shares admitted to trading on Euronext Amsterdam and the
Specialist Fund Segment of the London Stock Exchange. NBPE has 2017 ZDP
shares admitted to trading on the Specialist Fund Segment of the London
Stock Exchange and the Daily Official List of The Channel Islands
Securities Exchange Authority Limited and 2022 ZDP Shares admitted to
trading on the Specialist Fund Segment of the Main Market of the London
Stock Exchange. NBPE holds a diversified portfolio of direct equity
investments, direct income investments and fund investments selected by
the NB Alternatives group of Neuberger Berman, diversified across
private equity asset class, geography, industry, vintage year, and
sponsor.
ABOUT NEUBERGER BERMAN
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages equities, fixed
income, private equity and hedge fund portfolios for institutions and
advisors worldwide. With offices in 19 countries, Neuberger Berman's
team is more than 1,900 professionals and the company has been named by
Pensions & Investments as a Best Place to Work in Money Management for
four consecutive years. Tenured, stable and long-term in focus, the firm
fosters an investment culture of fundamental research and independent
thinking. It manages $255 billion in client assets as of December 31,
2016. For more information, please visit our website at www.nb.com.
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
and the States of Guernsey Policy Council. NBPE is
registered with the Dutch Authority for the Financial
Markets as a collective investment scheme which may
offer participations in The Netherlands pursuant to
article 2:66 of the Financial Markets Supervision
Act (Wet op het financial toezicht). All investments
are subject to risk. Past performance is no guarantee
of future returns. 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.
Appointment of Sponsor: http://hugin.info/137843/R/2077914/781786.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: NB Private Equity Partners Limited via Globenewswire
http://www.nbprivateequitypartners.com
(END) Dow Jones Newswires
February 13, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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