Graciano F. Guichard G., Liverpool’s executive chairman, highlighted the significance of the partnership, stating, “We are honored to join forces with the Nordstrom family and their talented team.”
The acquisition will be financed through a mix of rollover equity from both parties, cash commitments from Liverpool, $450 million in new bank financing, and cash on hand. Upon closing, expected in early 2025, the Nordstrom family will hold a majority stake in the company.
The Sidley Austin team includes mergers and acquisitions partners Gary Gerstman, Derek Zaba, and Scott Williams. Simpson Thacher’s team features M&A partners Benjamin Schaye and Juan Francisco Méndez, alongside banking, compensation, and tax specialists.
The case marks a pivotal moment in Nordstrom’s history as it transitions back to private ownership under family leadership.
