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Neiman Marcus Deal Nearly Done

TPG and Warburg Pincus could close on Friday a deal to sell the chain for $6 billion to Ares Capital and Canada Pension Plan Investment Group.

Neiman Marcus

NEW YORK — TPG and Warburg Pincus, the owners of the Neiman Marcus Group, could close on Friday their deal to sell the luxury chain for $6 billion to Ares Capital and Canada Pension Plan Investment Group.

“It’s definitely scheduled for Friday unless complications arise,” said a source familiar with the situation.

The deal to sell Saks Inc. to Hudson’s Bay Co. for $2.9 billion is expected to close soon, possibly early November.

 

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