TITLE

The Power Of Private Equity

AUTHOR(S)
Sargent, Carolyn
PUB. DATE
January 2005
SOURCE
Investment Dealers' Digest;1/17/2005, Vol. 71 Issue 2, p46
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on GC Power Acquisition LLC's purchase of Texas Genco Holdings Inc. from CenterPoint Energy Inc. Private equity was involved in the deal. In fact, four private equity firms--Texas Pacific Group Inc., Hellman & Friedman LLC, the Blackstone Group Inc. and Kohlberg Kravis Roberts & Co.--ended up winning the bid. Texas Genco was created when Reliant Energy Inc., a onetime integrated Houston utility (and the successor firm to Houston Lighting & Power), was forced by 1999 Texas deregulation to separate its business into three units.
ACCESSION #
15682827

 

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