NB Private Equity Partners intends to seek admission of its shares to trading on the Specialist Fund Market of the London Stock Exchange.
NB Private Equity Partners intends to seek admission of its shares to trading on the Specialist Fund Market of the London Stock Exchange.
The company will retain its current listing on Euronext Amsterdam by NYSE Euronext.
NBPE is a closed-end limited liability investment company registered and incorporated under the laws of Guernsey and managed by NB Alternatives Advisers, an indirect wholly owned subsidiary of Neuberger Berman Group.
The company’s investment objective is to produce attractive returns on its capital from its private equity investments while managing investment risk through portfolio diversification across asset class, vintage year, geography, industry and sponsor.
It is expected that trading in the shares on the SFM will commence in June 2009.
Following admission, the shares will be traded on both Euronext Amsterdam and the SFM under the symbol NBPE.
The company is not offering any new shares or other securities in connection with admission.
Talmai Morgan, chairman of NBPE, says: ‘We are delighted to announce our intention to seek dual-admission to trading of NBPE’s shares on the SFM. London is an important financial centre and admission to trading on the LSE will boost NBPE’s visibility among the company’s target investor base. The increased market liquidity offered by a dual-admission should also provide long-term benefits to existing shareholders and potential new investors.’
