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Hardman & Co Research
Hardman & Co Research on NB Private Equity Partners (NBPE) 2023 CMD: value creation from growing companies
23-Oct-2023 / 13:30 GMT/BST
The issuer is solely responsible for the content of this announcement.
Hardman & Co Research | Investment Companies
NB Private Equity Partners (NBPE) | 2023 CMD: value creation from growing companies

We reviewed NBPE's differentiated strategy, strong outperformance and good market positioning in our initiation,
Co-investments generating superior performance, and 1H'23 results summary: continued growth. The key theme running
through NBPE's 5 October capital markets day was the superior EBITDA growth of its investee companies. Across the NB
co-investment platform, in 2006, EBITDA growth was expected to produce 63% of total value creation, but it has risen to
93% in recent deals. Critically, target IRRs (20%+ net) are unchanged as higher-interest-rate impacts are offset by GP
actions to grow EBITDA. As GPs look for greater equity support, the NB platform's co-investment pipeline has seen more
opportunities, despite the slower PE market activity.

Please click on the link below for the full report:
https://hardmanandco.com/research/corporate-research/2023-cmd-value-creation-from-growing-companies/
If you are interested in meeting the company, you can register your interest by clicking on the above link
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Hardman & Co

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1755139 23-Oct-2023

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END) Dow Jones Newswires

October 23, 2023 08:30 ET (12:30 GMT)