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A View on the TXU Leveraged Buyout

Is power a public good or a private goodie?

Fortnightly Magazine - April 2007

the main deal killer. The true Achilles heel for KKR/TPG, which cannot be quantified effectively by using sophisticated financial models, is the risk of not obtaining state regulatory approval. This is the one uncertainty that should keep KKR/TPG executives up at night.

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