In the current regulatory environment, a brawl among private equity firms would frankly be a good thing for the private equity industry, proof that competition does exist. The rumor mill holds that Kohlberg Kravis Roberts may--how likely is an open question--be faced with competing bids for TXU. The New York Times says that both the Blackstone Group and the Carlyle Group are both taking a look at the situation. Blackstone may have been left out and want in. With KKR and Texas Pacific, it was part of group that bought Texas Genco Holdings in 2004. Also, the Carlyle Group has a long history in energy. TXU's deal with KKR and Texas Pacific gives the target about 50 days to shop itself; Lazard is likely out banging the drum right now. This could be really interesting if another buyer steps up. Apparently, this is the talk of Super Return.

For more:
- here's the article from the NYT