NB Private Equity: Appointment of New Directors
March 22 2019 - 3:00AM
NB Private Equity: Appointment of New Directors
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
NBPE Announces Appointment of New
Directors
22 March 2019
NB Private Equity Partners Limited (“NBPE” or
the “Company”) today announces the appointment of William Maltby
and Wilken von Hodenberg as new Independent Non-Executive
directors.
Further details are set out below.
Talmai Morgan, NBPE Chairman, said: “I’m
delighted to welcome William and Wilken to the board of NBPE. We
believe their wealth of industry and private equity experience and
listed company knowledge will be highly valuable assets to our
Board of Directors. These additions as well as the fact that, as
previously announced, I will not be seeking reelection to the board
at the 2019 Annual General Meeting, demonstrate our commitment to
strong corporate governance. On behalf of the current directors, I
welcome Mr. Maltby and Mr. von Hodenberg to the board.”
Appointment of Two New Independent
DirectorsNBPE has appointed William Maltby and Wilken von
Hodenberg as Independent Directors with effect from 21 March 2019,
as part of the continuing process of refreshing the board of
Directors. This selection process was initiated on 3
September 2018, and was led by NBPE's Nominations &
Remuneration Committee, working with Cornforth Consulting.
Mr. Maltby brings experience in listed
investment trusts, investment banking and private equity to the
board of NBPE. He worked for more than 25 years as a Corporate
Financier specialising in Leveraged Finance and Financial Sponsors
at Deutsche Bank / Morgan Grenfell. He spent a further six years as
a Senior Adviser to the Investment Banking Division of Deutsche
Bank. He currently serves as Chairman of Ekins Guinness LLP. From
2012 to September 2018, Mr. Maltby served as Chairman of the Board
of the Mithras Investment Trust Plc, a private equity fund of funds
investment trust listed on the London Stock Exchange. He qualified
as a Chartered Accountant with Peat Marwick and has a law degree
from the University of Cambridge.
Mr. von Hodenberg brings significant experience
in private equity, investment banking and senior management to the
board of NBPE. He served as CEO of listed private equity company
Deutsche Beteiligungs AG (“DBAG”) and its associated private equity
funds and currently serves as a non-executive director on the DBAG
supervisory board. DBAG was founded over 50 years ago and is listed
on the Frankfurt Stock Exchange in Germany. Mr. von Hodenberg has
14 years of experience in investment banking. He held several
senior positions in investment banking at Merrill Lynch and Baring
Brothers. He began his career in 1983 at JP Morgan. He also served
as CFO and Deputy Managing Director of Tengelmann Group. Mr. von
Hodenberg was Chairman of the German Venture Capital association
until 2017. He holds a Law degree from the University of
Hamburg.
For further information, please
contact:
NBPE Investor Relations
+1 214 647
9593 KL
Communications
+44 (0)20 3603 2803Charles Gorman
nbpe@kl-communications.com
ABOUT NB PRIVATE EQUITY PARTNERS
LIMITEDNBPE is a closed-end private equity investment
company with class A ordinary shares admitted to trading on the
Premium Segment of the Main Market of the London Stock Exchange.
NBPE has 2022 and 2024 ZDP Shares admitted to trading on the
Specialist Fund Segment of the Main Market of the London Stock
Exchange. NBPE holds a diversified portfolio of direct equity
investments, direct income investments and fund investments
selected by the NB Alternatives group of Neuberger Berman,
diversified across private equity asset class, geography, industry,
vintage year, and sponsor.LEI number: 213800UJH93NH8IOFQ77
ABOUT NEUBERGER BERMANNeuberger
Berman, founded in 1939, is a private, independent, employee-owned
investment manager. The firm manages a range of
strategies—including equity, fixed income, quantitative and
multi-asset class, private equity and hedge funds—on behalf of
institutions, advisors and individual investors globally. With
offices in 22 countries, Neuberger Berman’s team is more than 2,000
professionals. For five consecutive years, the company has been
named first or second in Pensions & Investments Best Places to
Work in Money Management survey (among those with 1,000 employees
or more). Tenured, stable and long-term in focus, the firm fosters
an investment culture of fundamental research and independent
thinking. It manages $304 billion in client assets as of December
31, 2018. For more information, please visit our website at
www.nb.com.
This press release appears as a matter of record
only and does not constitute an offer to sell or a solicitation of
an offer to purchase any security.
NBPE is established as a closed-end investment
company domiciled in Guernsey. NBPE has received the necessary
consent of the Guernsey Financial Services Commission. The value of
investments may fluctuate. Results achieved in the past are no
guarantee of future results. This document is not intended to
constitute legal, tax or accounting advice or investment
recommendations. Prospective investors are advised to seek expert
legal, financial, tax and other professional advice before making
any investment decision. Statements contained in this document that
are not historical facts are based on current expectations,
estimates, projections, opinions and beliefs of NBPE's investment
manager. Such statements involve known and unknown risks,
uncertainties and other factors, and undue reliance should not be
placed thereon. Additionally, this document contains
"forward-looking statements." Actual events or results or the
actual performance of NBPE may differ materially from those
reflected or contemplated in such targets or forward-looking
statements.