Texas Pacific Completes Acquisition of Neiman Marcus

Share this content:
The Neiman Marcus Group Inc., Dallas, announced yesterday the completion of the acquisition of the company by an investor group led by Texas Pacific Group and Warburg Pincus LLC.


The purchase price was about $5.1 billion in cash plus the assumption of net indebtedness. Under the merger, Neiman Marcus stockholders are entitled to receive $100 per share in cash.


Neiman Marcus stock ceased trading on the New York Stock Exchange at the close of the market yesterday and was delisted.


The Neiman Marcus Group's operations include Neiman Marcus and Bergdorf Goodman stores and a direct marketing segment that conducts both catalog and online businesses under the Neiman Marcus, Horchow and Bergdorf Goodman brand names.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above