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Bloomberg declares Energy Future Holdings ‘technically insolvent’

Started by Ksheed, Jun 06, 2013, 01:13

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Ksheed

KKR & Co. (KKR), TPG Capital and Goldman Sachs Capital Partners (GS), which took the former TXU Corp. private five years ago in the largest leveraged buyout in history, have paid themselves $528.3 million in fees, even as the electricity provider teeters toward a near-term bankruptcy or restructuring.

http://www.bloomberg.com/news/2012-10-22/txu-teeters-as-firms-reap-528-million-fees-corporate-finance.html