KKR related stories
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TXU board approves $44bn buyout(2)On Sunday night, the board of US energy giant TXU gave tentative approval to a record bid from KKR and Texas Pacific Group. The largest-ever LBO includes a key concession to environmentalists, according to reports.
- Blackstone: top of the world(2)
The Blackstone Group was the only real candidate for the inaugural Editors’ Awards in Private Equity International’s annual poll, despite fierce competition in the large buyout firm of the year category.
- Qatar to build Sainsbury’s stake(2)
Qatar’s state investment fund is looking to build its own strategic stake in Sainsbury’s, and is not in talks with Marks & Spencer for a joint bid, as was reported at the weekend.
- TXU sale could be blocked(2)
The introduction of a new bill in Texas may heighten the state’s authority to block the KKR- and TPG-led $45bn bid for the Dallas utility company.
- Boots yields to increased KKR bid(2)
The UK retailer will open its books to Kohlberg Kravis Roberts, after the buyout firm increased its bid to £10.40 per share or £10.1 billion.
- Carlyle and Providence in Australia media deal(2)
The Carlyle Group and Providence Equity Partners have become the new partners for Irish publishing group Independent News & Media in the latter’s listed media business in Australia and New Zealand.
- Infineon linked with buyout bid(2)
Private equity interest in the computer chip manufacturing sector shows no sign of waning, with reports that Infineon, a listed German company, is the target of several leading buyout groups.
- Coles takes a stand against club deals(2)
Australian retailer Coles Group has again shunned its private equity suitors, reportedly insisting that it cut its bidding consortium from five firms to four. The move will fuel the ongoing debate about club deals.
- Critics line up against TXU deal(2)
Pundits are questioning the merits of the $45bn proposed buyout of Dallas, Texas-based utility company TXU by KKR, TPG, and Goldman Sachs.
- Report: Goldman increases fund target to $19 billion(2)
Goldman Sachs’ private equity arm has reportedly almost doubled the target for its latest fund to $19 billion, which would make it one of the world’s biggest buyout funds.