The Power Of Private Equity

Sargent, Carolyn
January 2005
Investment Dealers' Digest;1/17/2005, Vol. 71 Issue 2, p46
Trade Publication
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.


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