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Neiman Marcus Might Be Sold--to Pension Fund/Private Equity Joint Venture

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Updated on September 9, at 2:04 p.m. The bidding war is on for the luxury department store chain as the partnership between Ares Management and CPPIB goes head-to-head against KKR and CVC Capital, according to the New York Post. If and when a transaction is announced, the price tag is likely to top $6 billion. Current owners Texas Pacific Group, Warburg Pincus and Leonard Green & Partners paid $4.9 billion for Neiman Marcus in 2005. Update: It's official, Ares and CPPIB will ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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