KKR/TPG's $45B TXU buyout — largest LBO in history — ended in massive bankruptcy

KKR, TPG, and Goldman Sachs took TXU private in 2007 for $45 billion, the largest leveraged buyout in history. Loaded with crushing debt, Energy Future Holdings filed one of the largest bankruptcies in US history in 2014. Texas consumers bore higher electricity prices. KKR and TPG lost most of their $8.3B equity investment.