Tag:
TXU
Latest Headlines
Latest Headlines
Big PE deals in trouble
We noted recently that the leveraged buyout of TXU, now known as Energy Future Holdings, spawned lots of questions about the long-term viability of the deal.
As natural gas prices remain low and debt levels high, the future of the company remains clouded. But Energy Future Holdings is not the
Blockbuster Texas energy deal struggling
Recall that in October 2007, just as the financial bubble was reaching its zenith, the energy company TXU--now known as Energy Future Holdings--was bought out by a consortium of private equity firms, led by KKR, Texas Pacific Group and Goldman Sachs.
At the time, the deal was hailed as one of
Club deals suit gathers steam
The heyday of the private equity industry has long passed. But the era of blockbuster deals--too big for single firms--lives on in the courts. And the premier private equity funds were dealt a blow by a recent court decision that expands an antitrust lawsuit against private equity firms that engag
The return of massive private equity deals
Bloomberg reports that the Blackstone Group, Thomas H. Lee Partners and TPG Capital are willing to pay more than $15 billion including debt for Fidelity National Information Services, which is a stunning price given the recent history of deals. The last private equity ( private equity news)
A closer look at the HCA IPO
You might think that the decision by KKR ( KKR news) and Bain Capital ( Bain Capital news) to file for an IPO ( IPO news) for HCA was a bit of gamble, given the state of the private equity-backed IPO market. But Breakingviews notes that the deal is looking quite good for the private e
TXU deal still stoking controversy
The TXU has been seen a symbol of a lot of things. Some saw it as a sign of a golden era in private equity ( private equity news). The industry tried hard to portray it as symbol of a new kind of cooperation between extreme capitalists and environmentalists. And now it seems to be a symbol of t
The return of the good old days of PIK bonds?
We've noted recently that some markets--discredited not too long ago--are enjoying a resurgence of sorts. The CDS and CDO markets have been on a mini-roll , that's for sure.
Business Week highlights another market that has similarly come storming back: The market for PIK bonds. This mig
Blackstone Group continues to ail in crisis
Way back when, it seemed that The Blackstone Group got the best of rival Kohlberg Kravis Roberts when it managed to go public first. That was a year and a half ago. KKR of course still hasn't gone public--and they must be feeling a bit lucky. It has hardly been a picnic for Blackstone, who just re
Carlyle to pay more attention to social issues
When the private equity industry is taking its lumps, it's a good time to work on image. Financial News Online reports that the Carlyle Group outlined plans at Super Return 2008 that would upgrade its efforts to consider, among other things, social issues, when it makes investment decisio
More problems for KKR Financial
The news continues to get worse for KKR Financial Holdings . It already has been forced into a $270 million rescue plan, with managing partner Henry Kravis himself kicking in some money. Now, the Financial Times reports that KKR Financial has deferred debt repayments that were due last Friday,
