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Hardman & Co Research
Hardman & Co Research on NB Private Equity Partners (NBPE) 1H'23 results summary: continued growth
03-Oct-2023 / 13:30 GMT/BST
The issuer is solely responsible for the content of this announcement.
Hardman & Co Research on NB Private Equity Partners (NBPE):
1H'23 results summary: continued growth

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 partner GPs, the good co-investing
cashflow and return profile and the value added by the manager, NB. The 26 September results confirmed all these
trends. The key numbers were i) NAV p/sh USD29.24 (GBP23.00) (Aug USD27.93/ GBP22.04. ii) 4.8% NAV TR at 30 June 2023, iii)
portfolio company weighted average LTM 14.9% revenue and 15.4% EBITDA growth, iv) EV/LTM EBITDA 15.4x, and v) debt/
EBITDA 5.4x. NBPE's virtual investor day is on 5 October at 2pm (Registration here).
Please click on the link below for the full report:
https://hardmanandco.com/research/corporate-research/1h23-results-summary-continued-growth/
If you are interested in meeting the company, you can register your interest by clicking on the above link
To contact us:
Hardman & Co Contact:
1 Frederick's Place
Mark Thomas
London mt@hardmanandco.com
EC2R 8AE

www.hardmanandco.com
Follow us on Twitter @HardmanandCo
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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.

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

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1740379 03-Oct-2023

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END) Dow Jones Newswires

October 03, 2023 08:30 ET (12:30 GMT)