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Article: Private equity firms fight back as buyouts come under fire.
- Article from:
- Fund Strategy
- Article date:
- March 5, 2007
CopyrightCOPYRIGHT 2007 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As senior figures from private equity firms converged on Frankfurt for last week's Super Return conference, their industry had never experienced so much scrutiny. Talk of a buyout of Sainsbury's in Britain, and the $45bn (#23bn) acquisition of TXU, an American energy company, has intensified the debate surrounding private equity.
The TXU deal is the largest ever private equity buyout of a public company. Two firms - Kohlberg Kravis Roberts and Texas Pacific - announced last week that they intend to deliver price cuts and protection to consumers and invest in alternative energy. Sainsbury's is also rumoured to have attracted the attention of KKR, in conjunction ...