TPG and KKR in $50 Billion Acquisition of TXU

October 10, 2007

Cleary Gottlieb represented TPG and KKR in their nearly $50 billion acquisition of TXU Corp., which closed on October 10. The deal is the largest leveraged buyout completed to date. Cleary Gottlieb advised TPG and KKR on the equity co-investment portion of the transaction.

TXU, headquartered in Dallas, operates electricity retailing, power generation and electricity distribution and transmission businesses.