Our Website Uses Cookies 


We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.


For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Advises KKR and Texas Pacific on TXU Corp. LBO

February 26, 2007

WASHINGTON, DC, February 26, 2007 — Private equity firms Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group (TPG) announced today that they have agreed to acquire Texas power company TXU Corp. for $45 billion.  Covington & Burling LLP advised KKR and TPG on environmental, regulatory, and other governmental and public policy aspects of the transaction, which is the largest leveraged buyout in history.  The Covington team based in New York and Washington was led by Stuart Eizenstat, William Massey, Philip Howard, Ruben Kraiem, and Richard Meserve, and also included Martin Gold, Michael Barnes, William Boyd, Bob Fleishman, Linda Morgan, David Marchick, Bill Wichterman, TL Cubbage, and Carolyn Corwin.

Share this article: