Can consolidation create sustainable long-term value, or will it prove seductive but, ultimately, disappointing to shareholders, employees, customers, and management alike?
A View on the TXU Leveraged Buyout
Is power a public good or a private goodie?
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.