News & Analysis

TPG, Warburg in $5bn Neiman Marcus deal

The two private equity firms are taking private luxury retailer Neiman Marcus in a $5 billion deal, following a string of recent buyouts.

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Private equity firms Texas Pacific Group and Warburg Pincus are acquiring upscale department store chain Neiman Marcus in a $5.1 billion (€4 billion) transaction, which will offer $100 per share of outstanding stock.


Neiman Marcus

The Dallas-based retailer specializes in luxury goods, with 37 stores across the country, as well as an established catalogue business, two Bergdorf Goodman stores in Manhattan and fashion labels like Kate Spade and Gurwitch Products.

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