NB Private Equity Partners Achieves Wider EBITDA Margins in 2023

Hardman & Co Research released a report on NB Private Equity Partners (NBPE), highlighting a significant expansion in operating company EBITDA margins in 2023. The analysis shows that despite market challenges, NBPE's portfolio company weighted average LTM growth in revenue and EBITDA stood at 11.4% and 15.2% respectively. This growth accompanied an increase in margins, indicative of strong operational performance and strategic management.

Key financial indicators from the report include a Net Asset Value (NAV) per share of $28.07, a 5.3% rise in the private portfolio on a constant currency basis, an EV/LTM EBITDA ratio of 14.9x, and a debt-to-EBITDA ratio of 5.3x. These figures underscore NBPE's robust financial health and effective investment strategy, characterized by high-secular-growth and downside-resilient investee companies, advantageous co-investing cash flows, and returns.