November 2016 Monthly Net Asset Value
December 15 2016 - 1:00AM
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
15 December 2016
NB Private Equity Partners Limited
("NBPE" or the "Company"), a closed-end private equity investment
company, today announced an updated Net Asset Value ("NAV") for the
month ended 30 November 2016.
Key
Highlights
|
Month |
30 Nov 16 YTD |
30 Nov 16 LTM |
|
|
|
|
Total
return NAV development per Share[1] |
2.1% |
10.6% |
10.3% |
NAV
development per Share |
2.1% |
6.8% |
6.5% |
Portfolio
Valuation
The value of NBPE's private equity
portfolio as of 30 November 2016 was based on the following
information[2]:
-
41% of the private equity fair value was valued
as of 30 November 2016
-
56% of the private equity fair value was valued
as of 30 September 2016
-
3% of the private equity fair value was valued
as of 30 June 2016
Portfolio
Commentary
During November, NBPE participated
in five new investments including the second lien debt and equity
of ProAmpac, a packaging company, as well as equity co-investments
in Lasko Products, a manufacturer of portable fans and ceramic
heaters, Emerson Network Power, a provider of data center
infrastructure, and Final Site, a learning management platform for
schools. In addition, NBPE completed a follow-on investment in
Marquee Brands.
In terms of distributions, NBPE
received $3.3 million from equity co-investments, driven by exit
proceeds from the sale of Seventh Generation, and $3.8 million from
income investments, consisting of interest and principal payments.
Fund investments also distributed $1.2 million to NBPE.
Subsequent to this reporting
period, it was announced that Deltek, an equity co-investment
alongside Thoma Bravo, has been sold to Roper Technologies, Inc.
NBPE has valued its investment in Deltek in the November monthly
NAV update to reflect the proceeds expected from the sale.
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
Market of the London Stock Exchange. NBPE has 2017 ZDP shares
admitted to trading on the Specialist Fund Market of the London
Stock Exchange and the Daily Official List of The Channel Islands
Securities Exchange Authority Limited and applications have been
made for 2022 ZDP Shares to be admitted to trading on the
Specialist Fund Segment of the Main Market of the London Stock
Exchange. NBPE holds a diversified portfolio of direct income
investments, direct equity 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 was 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 September 30, 2016. For more information, please visit our
website at www.nb.com.
[1] Assumes reinvestment of dividends on the ex-dividend date
and reflects cumulative returns over time period shown.
[2] Please refer to the valuation methodology section of the
monthly report for a description of the Manager's valuation policy.
While some valuation data is as of 30 September and 30 June 2016,
the Manager's analysis and historical experience lead the Manager
to believe that this approximates fair value at 30 November
2016.
November 2016 Monthly NAV
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
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