NB Private Equity Partners Limited Nb Private Equity: Appointment Of New Directors
March 22 2019 - 2:00AM
UK Regulatory
TIDMNBPE
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
NBPE Announces Appointment of New Directors
22 March 2019
NB Private Equity Partners Limited ("NBPE" or the "Company") today
announces the appointment of William Maltby and Wilken von Hodenberg as
new Independent Non-Executive directors.
Further details are set out below.
Talmai Morgan, NBPE Chairman, said: "I'm delighted to welcome William
and Wilken to the board of NBPE. We believe their wealth of industry and
private equity experience and listed company knowledge will be highly
valuable assets to our Board of Directors. These additions as well as
the fact that, as previously announced, I will not be seeking reelection
to the board at the 2019 Annual General Meeting, demonstrate our
commitment to strong corporate governance. On behalf of the current
directors, I welcome Mr. Maltby and Mr. von Hodenberg to the board."
Appointment of Two New Independent Directors
NBPE has appointed William Maltby and Wilken von Hodenberg as
Independent Directors with effect from 21 March 2019, as part of the
continuing process of refreshing the board of Directors. This selection
process was initiated on 3 September 2018, and was led by NBPE's
Nominations & Remuneration Committee, working with Cornforth Consulting.
Mr. Maltby brings experience in listed investment trusts, investment
banking and private equity to the board of NBPE. He worked for more than
25 years as a Corporate Financier specialising in Leveraged Finance and
Financial Sponsors at Deutsche Bank / Morgan Grenfell. He spent a
further six years as a Senior Adviser to the Investment Banking Division
of Deutsche Bank. He currently serves as Chairman of Ekins Guinness LLP.
From 2012 to September 2018, Mr. Maltby served as Chairman of the Board
of the Mithras Investment Trust Plc, a private equity fund of funds
investment trust listed on the London Stock Exchange. He qualified as a
Chartered Accountant with Peat Marwick and has a law degree from the
University of Cambridge.
Mr. von Hodenberg brings significant experience in private equity,
investment banking and senior management to the board of NBPE. He served
as CEO of listed private equity company Deutsche Beteiligungs AG
("DBAG") and its associated private equity funds and currently serves as
a non-executive director on the DBAG supervisory board. DBAG was founded
over 50 years ago and is listed on the Frankfurt Stock Exchange in
Germany. Mr. von Hodenberg has 14 years of experience in investment
banking. He held several senior positions in investment banking at
Merrill Lynch and Baring Brothers. He began his career in 1983 at JP
Morgan. He also served as CFO and Deputy Managing Director of Tengelmann
Group. Mr. von Hodenberg was Chairman of the German Venture Capital
association until 2017. He holds a Law degree from the University of
Hamburg.
For further information, please contact:
NBPE Investor Relations +1 214 647 9593
KL Communications +44 (0)20 3603 2803
Charles Gorman nbpe@kl-communications.com
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ABOUT NB PRIVATE EQUITY PARTNERS LIMITED
NBPE is a closed-end private equity investment company with class A
ordinary shares admitted to trading on the Premium Segment of the Main
Market of the London Stock Exchange. NBPE has 2022 and 2024 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.
LEI number: 213800UJH93NH8IOFQ77
ABOUT NEUBERGER BERMAN
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies--including equity, fixed income, quantitative and multi-asset
class, private equity and hedge funds--on behalf of institutions,
advisors and individual investors globally. With offices in 22 countries,
Neuberger Berman's team is more than 2,000 professionals. For five
consecutive years, the company has been named first or second in
Pensions & Investments Best Places to Work in Money Management survey
(among those with 1,000 employees or more). Tenured, stable and
long-term in focus, the firm fosters an investment culture of
fundamental research and independent thinking. It manages $304 billion
in client assets as of December 31, 2018. For more information, please
visit our website at
https://www.globenewswire.com/Tracker?data=AEitk5vPvdGPIPu3uAe-DaX5-tExiT-ABI1jSWsovm-bFLw7P2NRej1bR4Xia-sIZanw9C2CNExQWv9OlIn99Q==
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. 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.
(END) Dow Jones Newswires
March 22, 2019 03:00 ET (07:00 GMT)
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