KKR/TPG Likely to Secure TXU Deal

After examining potential bidders’ relationships with TXU, it becomes clear that TXU has much stronger relationships with KKR than any of the PE/bank consortiums bidding on the company, including Blackstone and The Carlyle Group.  The strongest relationship that exists between TXU and one of its bidders is between TXU senior advisor Lawrence Fouraker and KKR senior partner Henry Kravis – who shared board seats at Gillette.

For example, three current TXU Board Members and TXU's senior advisor have material connections with three senior KKR professionals, including a relationship between Kravis (senior KKR partner) and Fouraker (senior TXU advisor) – who used to share board seats at Gillette (now owned by Procter & Gamble).

To take a closer look at the relationships that are likely being levered to consummate this deal, below are a few interactive Knowledge Maps that were automatically generated by IntellectSpace. Please use the Internet Explorer browser to properly view the Knowledge Maps:

Kohlberg Kravis Roberts & Co - TXU Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=7813416e-6678-48de-8ff3-3753200492d3

Texas Pacific Group - TXU Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=ef747788-fb9c-4066-85d1-64ad89a57c66

Blackstone - TXU Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=fa17008a-c000-40cd-8171-7448b538cd2f 

The Carlyle Group - TXU Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=0a4cff20-f4d1-4541-992e-2963abe1870b