레이블이 Private Equity Firm인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Private Equity Firm인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 28일 목요일

About 'private equity group'|Blockbuster UK Acquired By Private Equity Group Gordon Brothers Europe







About 'private equity group'|Blockbuster UK Acquired By Private Equity Group Gordon Brothers Europe








Amidst               the               battle               over               coal               and               cement               plants,               Dallas,               Texas-based               TXU               is               now               getting               ready               to               be               bought               by               two               equity               firms.

"Texas               Pacific               Group               and               Kohlberg               Kravis               Robert               &               Company,               a               buyout               firm               based               in               New               York,               may               buy               TXU               Corporation,"               said               writer               Dan               Piller.

"With               an               enterprise               value               of               $39               billion,               TXU               would               be               the               largest               equity               bid               ever."
               The               TXU               board               of               directors               was               set               to               meet               this               past               weekend               to               vote               on               the               proposal,               according               to               Piller.
               The               prospective               TXU               buyers               say               they               would               build               fewer               coal               plants               and               the               group               promises               only               three               new               ones,               cutting               prices.
               "Negotiators               say               the               deal               is               the               first               of               its               kind,"               said               writer               Elizabeth               Souder.

"The               agreement               is               designed               to               clear               TXU's               name               among               environmentalists,               consumers,               regulators,               and               politicians               after               the               plan               to               build               11               coal-fired               power               plants               prompted               substantial               environmental               debate               in               Texas."
               Souder               said               TXU               officials               won't               comment               on               the               offer,               and               the               buyers               have               remained               officially               mum.
               An               official               with               Texas               Pacific               contacted               the               environmental               groups               about               a               week               and               a               half               ago               to               propose               talks,               according               to               research.

After               a               17-hour               meeting,               the               groups               had               an               agreement.
               These               are               some               of               the               points               they               agreed               on:
               *Keep               TXU's               promise               to               cut               total               emissions               of               regulated               pollutants               20               percent               from               current               levels               after               the               new               plants               are               built.
               *Not               to               propose               building               any               traditional,               pulverized               coal               plants               outside               of               the               state.
               *Support               federal               legislation               to               impose               a               cap               on               carbon               dioxide               emissions               and               agree               to               cut               TXU's               own               emissions               to               1990               levels               by               2020.
               *Join               U.S.

Climate               Action               Partnership,               a               group               of               ten               industrial               and               financial               companies               that               are               urging               the               government               to               create               a               cap-and-trade               program               for               greenhouse               gases.
               *Pursue               more               wind               power               and               double               the               amount               TXU               spends               on               energy               efficiency               programs               to               $80               million               for               the               next               five               years.
               *Explore               using               coal               gasification               technology               for               subsequent               plants.
               *Create               a               sustainability               energy               committee               to               advise               the               new               company.
               "Cutting               retail               electricity               prices               isn't               part               of               the               environmental               deal,"               reports               Souder.

"Such               a               move               would               please               key               Texas               lawmakers               who               have               filed               legislation               designed               to               cause               prices               to               drop               by               limiting               the               size               of               power               companies               and               forcing               TXU               to               break               apart."
               According               to               Souder,               TXU               executives               have               argued               that               Texas               needs               the               plants               to               meet               growing               demand               for               power.

Some               people               who               oppose               the               plants               speculate               that               TXU               expected               the               new               plants               to               strengthen               the               company's               market               position               so               much               that               it               would               discourage               competitors               from               building               their               own               plants               in               the               state               and               would               solidify               TXU's               position               as               the               largest               power               company               in               the               Texas               market.






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