Headlines

Neiman Marcus on the Market?

Private equity owners reportedly seeking IPO

Published

11 years ago

May 7, 2013

steve kaufman

TPG Capital (Fort Worth, Texas) and Warburg Pincus LLC (New York), the two private equity funds that purchased the Neiman Marcus Group Inc. (Dallas) in 2005 for $5.1 billion, might be looking to cash in on their investment.

According to Bloomberg News, the firms have interviewed banks and are close to hiring Credit Suisse Group AG (Zurich, Switzerland). Bloomberg said the owners may seek about $8 billion for the company, which includes about 40 Neiman Marcus stores and the two Bergdorf Goodman’s stores in New York.

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