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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 USD28.07 (GBP22.02), 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-operating-company-ebitda-margins-in-2023/
If you are interested in meeting the company, you can register your interest by clicking on the above link.
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Contact:
Hardman & Co

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London                                          mt@hardmanandco.com 

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1901645 13-May-2024

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END) Dow Jones Newswires

May 13, 2024 08:07 ET (12:07 GMT)