Cleary is counseling private equity firms TPG Capital and Warburg Pincus on the $6 billion sale announced Monday of luxury retail chain Neiman Marcus to an investor group led by Ares Management and the Canada Pension Plan Investment Board, which is being advised by Latham, Proskauer, and Canadian firm Torys.
September 09, 2013 at 05:52 PM
1 minute read
The original version of this story was published on The American Lawyer
UPDATE: 9/10/13, 10:30 a.m. EDT. The names of the full team from Proskauer advising Ares and the CPPIB have been added to the 15th paragraph of this story.
The leveraged buyout boom of the last decade saw many an Am Law 100 firm cash in by snagging high-profile private equity clients. Now one of the companies caught up in that dealmaking frenzy, luxury retail chain Neiman Marcus, is set to be sold once again.
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