The Neiman Marcus Group, Inc.'s $5.3 billion LBO By Warburg Pincus LLC

The Neiman Marcus Group, Inc. is a privately-held luxury retailer with headquarter in Dallas, Texas. The Neiman Marcus Group is comprised of the Specialty Retail Stores division, which includes Neiman Marcus Stores and Bergdorf Goodman, and the Direct Marketing division operating as Neiman Marcus Direct. These retailers offer upscale assortments of apparel, accessories, jewelry, beauty, and decorative home products for the affluent consumer. The company operates Neiman Marcus stores across the United States and Bergdorf Goodman stores in Manhattan. The company also runs Last Call clearance centers. Neiman Marcus Direct, the direct-to-consumer business, conducts both print catalog and online operations under the Neiman Marcus, Bergdorf Goodman, Horchow, Last Call, and CUSP brands. Founded in 1907 by Herbert Marcus, Sr., Carrie Marcus Neiman, and Abraham Lincoln Neiman, Neiman Marcus is owned by private equity firms TPG Capital and Warburg Pincus.

Warburg Pincus LLC is a New York, New York-based private equity firm. Founded in 1968, Warburg Pincus LLC considers seed, early stage, middle stage, late stage and mezzanine investments as well as buyouts, acquisitions, restructurings, special situations and secondary purchases.

TPG Capital is the global buyout group of TPG, a private investment firm founded in 1992 with offices in San Francisco, London, Hong Kong, New York, Fort Worth, Washington, D.C., Melbourne, Moscow, Mumbai, Paris, Luxembourg, Beijing, Shanghai, Singapore, and Tokyo. TPG Capital has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, joint ventures, and restructurings. In March 2011, TPG Capital's parent TPG Holdings sold nearly 5% of itself to sovereign-wealth funds operated by Kuwait and Singapore. The stake purchase deals valuesd TPG Capital at about $11 billion. TPG Capital's raise of several hundred million dollars for a stake in the private equity firm's management company likely put off any plans for an IPO for TPG Capital or TPG Holdings, according to PrivCo sources inside the firm.