Warburg, TPG Said to Make 150% Profit in Sale of Neiman Marcus

Neiman Marcus Inc.’s private-equity backers stand to reap more than a 150 percent profit in the luxury-goods retailer’s $6 billion sale to Ares Management LLC and the Canadian Pension Plan Investment Board, according to two people with knowledge of the matter.

Buyout firm Warburg Pincus LLC, which is based in New York, and TPG Capital, led by Fort Worth, Texas, financier David Bonderman, will garner about $2.75 billion in the sale, based on information in Neiman Marcus’s regulatory filings. Including their share of a dividend paid last year, the two sponsors will pocket about $3.1 billion, or more than 2.5 times the $1.2 billion they sank into a $5.1 billion leveraged buyout of Neiman Marcus in 2005, said the people, who asked not to be identified because the information is private.