Tag Archives: TPG Capital and Warburg Pincus

Neiman Marcus Sold to Ares, Canada Pension Plan Investment Board

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TORONTO-Ares Management, co-owner of mattress manufacturers Serta and Simmons, has allied with the Canada Pension Plan Investment Board (CPPIB) to acquire Neiman Marcus Group from private-equity firms TPG Capital and Warburg Pincus for $6 billion. Under the terms of the deal, Ares and CPPIB will hold an equal interest in Neiman Marcus, and the retailer’sMore »