Transaction|October 25, 2013
Ares Management and Canada Pension Plan Investment Board consummate investment in Neiman Marcus Group
Torys acted as counsel to Canada Pension Plan Investment Board with a team that included Matthew Cockburn, Stefan Stauder, John Cameron, Scott Bell, Peter Keenan and Christopher Caparelli.
On October 25, 2013, Ares Management LLC (Ares) and Canada Pension Plan Investment Board (CPPIB) announced that their affiliates have completed the acquisition of Neiman Marcus Group LTD Inc. (Neiman Marcus) for a purchase price of approximately US$6.0 billion
As outlined in the agreement, previously announced on September 9, 2013, Ares and CPPIB will hold an equal economic interest in the legendary retailer.
Further information can be found on CPPIB's website.
As outlined in the agreement, previously announced on September 9, 2013, Ares and CPPIB will hold an equal economic interest in the legendary retailer.
Further information can be found on CPPIB's website.