Elite New York firms Simpson Thacher & Bartlett and Sullivan & Cromwell have bagged plum roles on the $45bn (£23bn) leveraged buyout (LBO) of utilities giant TXU - potentially the largest LBO to date. Simpson Thacher is lead adviser to the bidding consortium, comprising private equity giants Kohlberg Kravis Roberts & Co (KKR) and Texas Pacific Group, which is being advised by Cleary Gottlieb Steen & Hamilton.
February 26, 2007 at 08:48 AM
1 minute read
The original version of this story was published on Legalweek
Elite New York firms Simpson Thacher & Bartlett and Sullivan & Cromwell have bagged plum roles on the $45bn (£23bn) leveraged buyout (LBO) of utilities giant TXU – potentially the largest LBO to date.
Simpson Thacher is lead adviser to the bidding consortium, comprising private equity giants Kohlberg Kravis Roberts & Co (KKR) and Texas Pacific Group, which is being advised by Cleary Gottlieb Steen & Hamilton.
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