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Executive Summary:
The Nordstrom founding family, in collaboration with Mexican retail conglomerate El Puerto de Liverpool, has successfully privatized the iconic retailer in a $6.25 billion all-cash deal. This transaction, unanimously approved by the board, includes equity rollover from the family and Liverpool, as well as financing from existing cash and borrowings. The deal solidifies the family’s majority ownership, with Liverpool holding a 49.9% stake.
The privatization aims to allow Nordstrom to focus on long-term strategies without the pressures of public markets. Common shareholders will receive $24.25 per share, representing a 42% premium. While operational challenges remain, experts view the move as a step toward revitalizing the brand under experienced leadership. Pending regulatory and shareholder approval, the deal is expected to close in the first half of 2025.
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