Daily News: October 21, 2013

Bloomberg: KKR, Goldman, TPG Join Fight Before Energy Future Bankruptcy

Bloomberg reported that KKR & Co., Goldman Sachs Capital Partners and TPG Capital, firms that led a $48 billion buyout of Energy Future Holdings in 2007, are fighting to receive 3 percent of their initial investment when the power generator files for bankruptcy.

Bloomberg reported further that negotiations with senior creditors, including Leon Black’s Apollo Global Management and Centerbridge Capital Partners, poised to seize control of the former TXU Corp., are at a critical juncture when agreements allowing them to view nonpublic information to foster talks expire.

To read the entire Bloomberg article, click here.