Ares Management and CPPIB close buy of Neiman Marcus for $6 bln
U.S. private equity firm Ares Management and Canada Pension Plan Investment Board said Friday that they have completed their previously announced buy of Neiman Marcus Group Ltd Inc for a purchase price of approximately US$6 billion. Headquartered in Dallas, the retailer operates 42 namesake department stores. Update: Neiman Marcus was taken private by a group of investors led by TPG Capital LP and Warburg Pincus LLC in 2005 for US$5.1 billion.
25 October 2013•2 mins read
