NBPE Nb Private Equity Partners Limited

 
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 
 
   NB Private Equity Partners Announces UK Investment Exposure & Current 
ZDP Liability 
 
   28 June 2016 
 
   In light of the recent vote in the United Kingdom to leave the European 
Union, NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today announces the 
Company's exposure to both UK domiciled investments as well as its Pound 
Sterling liability in the form of the Company's Zero Dividend Preference 
shares ("ZDP Shares"). 
 
   As of 31 May 2016, the fair value of the Company's private equity 
investments domiciled in the UK was approximately $20.0 million, or 2.5% 
of private equity fair value and 2.9% of net asset value. As of 31 May 
2016, the fair value of the Company's private equity investments 
domiciled in Europe (ex-UK) was approximately $30.0 million, or 4.0% of 
private equity fair value and 4.4% of net asset value. 
 
   The Company currently has outstanding ZDP shares denominated in Pound 
Sterling. Prior to the previously announced re-financing of the 
Company's credit facility on 8 June 2016, the Company maintained a 
Sterling / Dollar forward currency contract with Bank of Scotland. As 
reported in the Company's most recent monthly NAV update for the period 
ending 31 May 2016, the monthly NAV statement included a liability of 
$82.0 million, inclusive of the loss on the forward currency contract. 
 
   As part of the re-financing of the Company's credit facility, the 
Company settled the forward currency contract on 7 June 2016 by paying 
$6.5 million. As a result of settling this liability, and including the 
recent changes in the Sterling / Dollar foreign exchange rate, the 
Company's ZDP share liability is currently approximately $69.4 
million(1) , or net $6.1 million lower than shown in the 31 May 2016 
monthly NAV update. 
 
   1.                    Based on the 27 June 2016 New York closing price 
of $1.3225. 
 
   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 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. 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 2,100 professionals and the company was named by 
Pensions & Investments as a 2013, 2014 and 2015 Best Place to Work in 
Money Management. Tenured, stable and long-term in focus, the firm 
fosters an investment culture of fundamental research and independent 
thinking. It manages $243 billion in client assets as of 31 March 2016. 
For more information, please visit the Investment Manager's 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. 
 
   UK Investment Exposure & Current ZDP Liability: 
http://hugin.info/137843/R/2023387/751793.pdf 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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 
 
   HUG#2023387 
 
 
  http://www.nbprivateequitypartners.com 
 

(END) Dow Jones Newswires

June 28, 2016 02:00 ET (06:00 GMT)

Grafico Azioni Nb Private Equity Partners (LSE:NBPE)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Nb Private Equity Partners (LSE:NBPE)
Storico
Da Lug 2023 a Lug 2024