Author: James Politi; Peter Smith
, and United Kingdom financial times James? giuseppepoliti (James Politi) in New York, Peter? Smith (Peter Smith) London reported Monday, February 26, 2007,
the United States largest utility company–TXU Board meeting yesterday, intend to agree to Kohlberg Kravis Roberts (KKR) And Texas Pacific Group (Texas Pacific Group, TPG for short) for $ 44.5 billion acquisition of the company. This will break the Blackstone Group (Blackstone) recently to $ 38.9 billion . acquisition of Equity Office Properties records, became the largest in the history of private equity transactions.
, and people familiar with the matter said, as long as in the last moments of the negotiations is not unexpected, the deal could be announced before the end of the weekend.
to TXU two private equity firms are expected to pay about US $ 32 billion in cash, just under $ 70 per share, a TXU value 17% on Friday. KKR and TPG agreed to bear TXU 12 billion dollars in outstanding debts.
private equity’s acquisition of TXU will continue trading frenzy of the world’s largest leveraged buyout group. In recent years, private equity firms purchase some of the large companies in various industries around the world, has become a huge driving force in the financial and commercial areas.
data providers Thomson Financial (Thomson Financial) data show that KKR and TPG is last year’s two largest private equity investors in the world, respectively, to participate in a $ 101 billion and $ 92 billion worth of deals.
both companies are targeting large food retailers, including United Kingdom Sainsbury (j Sainsbury) and Australia’s Coles–the first leveraged buyout price may be more than 11 billion pounds, which could fetch nearly 19 billion Australian dollars (US $ 15 billion).