Joined Nov 11, 2007
31,929 Blog Posts

Neiman Marcus May Go Public as Investors Look to Get Liquid

“Private-equity firms TPG Capital and Warburg Pincus are exploring a sale or a public offering of Neiman Marcus Group, according to a Bloomberg News report late on Sunday.

The private-equity firms, which bought the Dallas-based retailer in 2005 for $5.1 billion, have interviewed banks and are about to hire Credit Suisse Group to run the dual track process, according to the report, which cited two people familiar with the situation.

A Credit Suisse spokesman declined to comment…..”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter