NB Private Equity Partners (LON:NBPE) is the topic of discussion when Mark Thomas Analyst at Hardman & Co joins DirectorsTalk Interviews.
In this interview, Mark Thomas discusses his report titled “Wider Operating Company EBITDA Margins in 2023.” We delve into NBPE’s robust business model, highlighting its high secular growth, downside resilience, and the value added by its General Partners (GPs) and managers. Mark discusses key financial metrics, including the company’s double-digit growth in revenue and EBITDA, despite challenging market conditions. He emphasises the importance of the widening EBITDA margins and the company’s strong operating cash generation, which has helped reduce overall gearing. We also touch on NBPE’s comparison with other private equity houses, its effective manager selection, and the active M&A by its companies. Additionally, Mark addresses the risks associated with investing in NB Private Equity Partners, such as market sentiment and valuation concerns, concluding that the current strategy’s benefits may not yet be fully appreciated by the market.
