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

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

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

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