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
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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/

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Contact:

Mark Thomas



 

 

 

mt@hardmanandco.com

 

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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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End of Announcement - EQS News Service

1901645  13-May-2024 

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