NB Private Equity Partners Limited : Appointment of New Sponsor
February 13 2017 - 1:00AM
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
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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