K.K.R. and Texas Pacific to Buy TXU
The New York Times states that “Kohlberg Kravis Roberts and Texas Pacific Group are close to a deal to acquire TXU, the Texas energy giant that has riled environmentalists by proposing to build a raft of new coal plants, for more than $42 billion, according to people involved in the talks.”
K.K.R. is famous for its leveraged buyout of RJR Nabisco in 1989, described in the best-selling book Barbarians at the Gate.
