Hardman & Co Research on NB Private Equity Partners (NBPE)

Wider operating company EBITDA margins in 2023

Hardman & Co Research Hardman & Co Research on NB Private Equity Partners (NBPE): Wider operating company EBITDA margins in 2023 13-May-2024 / 13:07 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research | Investment Companies

NB Private Equity Partners (NBPE) | Wider operating company EBITDA margins in 2023

 

We reviewed NBPE’s business model in our initiation, Co-investments generating superior performance. We noted the high-secular-growth and downside-resilient investee companies, the value added by GPs, the good co-investing cashflow and return profile and the value added by the NB. The 2023 results confirmed all these trends. The key numbers were i) NAV p/sh $28.07 (£22.02), ii) private portfolio +5.3% in 2023 on a constant currency basis, iii) EV/LTM EBITDA 14.9x, and iv) debt/EBITDA 5.3x. The portfolio company weighted average LTM growth in revenue and EBITDA was 11.4% and 15.2%, respectively, with margins widening despite market challenges.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/nbpe-wider-operat ...

If you are interested in meeting the company, you can register your interest by clicking on the above link.

To contact us: Hardman & Co 9 Bonhill Street London EC2A 4DJ www.hardmanandco.com Follow us on Twitter @HardmanandCo

Contact: Mark Thomas

[e-mail]

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.

---

Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

---

End of Announcement - EQS News Service

1901645  13-May-2024