Nbpe interim results and 31 august 2023 nav estimate
The information contained herein is not for release, publication or distribution in or into australia, canada, italy, denmark, japan, the united states, or to any national of such jurisdictions 26 september 2023 nb private equity partners (nbpe), the $1.3bn, ftse 250, listed private equity investment company managed by neuberger berman, today releases its 2023 interim report and 31 august 2023 monthly portfolio update interim results highlights (30 june 2023) nav per share of $29.24 (£23.00) 4.8% nav tr in the six months to 30 june 2023 strong operating performance driving value and further supported by positive returns in the quoted portfolio valuations of private companies increased by 3.8% in constant currencies portfolio company weighted average ltm 30 june 2023 operating performance of 14.9% revenue and 15.4% ebitda growth1, respectively, inclusive of m&a private portfolio ltm/ebitda valuation multiple of 15.4x at 30 june 2023, an increase from 15.2x at 31 december 2022; weighted average net debt of 5.4x, a decrease from 5.5x at 31 december 20222 $291 million of available liquidity at 30 june 2023 peter von lehe, managing director and head of private equity investment solutions & strategy at neuberger berman commented: “we believe the portfolio is well positioned to navigate the current macro-economic headwinds. the increase in value of our private companies was driven by strong operating performance, even in a challenging economic environment.
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