Remove 2007 Remove Leveraged Buyouts Remove Leveraging
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Energy Capital Partners nears $30bn sale of Calpine to Constellation

Private Equity Wire

If finalised, this acquisition will rank among the largest in the US power industry since TXU Corps $45bn leveraged buyout in 2007. These assets, valued increasingly highly amid surging US power demand, align with Constellations strategic objective to diversify its predominantly nuclear generation base.

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Transcript: Armen Panossian

The Big Picture

You’ve probably heard some aspects of this from the various interviews I’ve done with Howard Marks talking about the distressed asset fund they set up in 2007. You joined in 2007. But, but fast forward to June of 2007, you know, oaktree in the distressed debt landscape is, is really, you know, second to none.

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Transcript: Gretchen Morgenson

The Big Picture

In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. Aren’t the big firms and the LBOs, the leveraged buyouts, very different than the middle market, smaller private equity firms that provide capital and equity to small companies.