Hudson's Bay Company entered into a definitive agreement to acquire Neiman Marcus Group LTD LLC for an enterprise value of approximately $2.7 billion.
M. Klein & Company is serving as the lead financial advisor and capital markets advisor to HBC on the acquisition of Neiman Marcus Group and related financings. Solomon Partners is also serving as a financial advisor to HBC. Elm Street Advisors is serving as strategic, commercial and operational advisor. Deloitte is serving as a financial and tax advisor to HBC. Willkie Farr & Gallagher LLP is serving as legal counsel to HBC. J.P. Morgan and Lazard are serving as financial advisors to NMG. Sullivan & Cromwell, LLP is serving as legal counsel to NMG. Berenson & Company served as financial advisor to Insight Partners.