In some cases, a banker gets interested, but he or she expresses anxieties about perceived risks; a credit - line commitment might be offered, contingent upon the company's being able to carry out some type of
equity offering simultaneously.
Neiman, purchased by private -
equity firms TPG and Warburg Pincus LLC for $ 4.9 billion in 2005, had been looking for an outright buyer for the retail chain while
simultaneously laying the groundwork for an initial public
offering of stock.