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Business Report: TPG, Warburg look to sell Neiman
Business

Report: TPG, Warburg look to sell Neiman

By Robert Francis

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Technology

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Fort Worth-based TPG Capital and Warburg Pincus LLC are considering a sale or public offering of high-end retailer Neiman Marcus Group Inc., according to several reports. The two investment groups acquired Neiman Marcus in 2005 for $5.1 billion. According to a Bloomberg report, TPG and Warburg are looking for about $8 billion for the retailer. If they don’t find any takers they may seek an IPO, according to the report.  


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