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-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. 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.

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1901645  13-May-2024