Private Equity Firms Eye Neiman Marcus Exit

Private equity firms TPG Capital and Warburg Pincus are exploring a sale or public offering of Neiman Marcus Group, according to a Bloomberg News report late on Sunday. The private equity firms, which bought the Dallas-based retailer in 2005 for $5.1 billion, have interviewed banks and are about to hire Credit Suisse Group AG to run the dual track process, according to the report, which cited two people familiar with the situation.