Private equity firms TPG Capital and Warburg Pincus announced Monday they would sell luxury retail chain Neiman Marcus to investment firm Area Management and the Canada Pension Plan Investment Board (CPPIB) for $6 billion.
Cleary Gottlieb Steen & Hamilton is advising TPG and Warburg. The firm had represented both clients when they originally purchased Neiman for $5.1 billion in October 2005.
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