Representative Leveraged Buyout Transactions
APPROXIMATE VALUE OF TRANSACTIONACQUIRING COMPANYACQUIRED, SELLING OR TARGET COMPANYTYPE OF TRANSACTIONMATTER CLIENT
$45 billion TXU Corporation Consortium led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group LBO/Cash Merger Consortium led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group
$36 billion The Blackstone Group Equity Office Properties Trust LBO The Blackstone Group
$33 billion Private equity consortium (including Thomas Frist Sr., Thomas Frist, Jr., Kohlberg Kravis Roberts & Co., Bain Capital LLC and Merrill Lynch Global Private Equity) HCA Inc. LBO Private equity consortium (including Thomas Frist Sr., Thomas Frist, Jr., Kohlberg Kravis Roberts & Co., Bain Capital LLC and Merrill Lynch Global Private Equity)
$29 billion Kohlberg Kravis Roberts & Co. First Data Corp. LBO/Cash Merger Kohlberg Kravis Roberts & Co.
$24 billion Kohlberg Kravis Roberts & Co. and Stefano Pessina (majority shareholder) Alliance Boots plc LBO Kohlberg Kravis Roberts & Co. and Stefano Pessina
$8.3 billion Private Equity Consortium ARAMARK Corp. LBO Private Equity Consortium (including Thomas H. Lee Partners, Warburg Pincus LLC, Goldman Sachs Capital Partners and J.P. Morgan Partners LLC)
$8 billion The Lightstone Group Extended Stay Hotels (The Blackstone Group) LBO/Sale of Assets The Blackstone Group
$7.75 billion Apax Partners and Omers Capital Partners Thomson Corp.’s education division LBO Apax Partners
$7.3 billion Kohlberg Kravis Roberts & Co. Dollar General Corporation LBO/Cash Merger Kohlberg Kravis Roberts & Co.
$5.6 billion The Blackstone Group CarrAmerica Realty Corporation LBO The Blackstone Group
$4.3 billion Kohlberg Kravis Roberts & Co. PanAmSat Corp. (owned by The DIRECTV Group Inc.) LBO/Acquisition of Assets Kohlberg Kravis Roberts & Co.
$4.2 billion Kohlberg Kravis Roberts & Co. France Telecom’s PagesJaune SA division Acquisition of Stock Kohlberg Kravis Roberts & Co.
$3.7 billion First Reserve Corp. CHC Helicopter Corporation LBO First Reserve Corp.
$3.6 billion Investor Group Kerzner International Limited LBO/Cash Merger Investor Group
$2.4 billion Hellman & Friedman LLC Getty Images LBO Hellman & Friedman LLC
$3.1 billion The Blackstone Group Extended Stay America Cash and Stock Merger The Blackstone Group
$1.7 billion The Blackstone Group WCM Beteiligungs-und Grundbesitz-Aktiengesellschaft (property portfolios) LBO/Purchase of Assets The Blackstone Group
$1.2 billion Hellman & Friedman LLC DoubleClick Inc. LBO/Cash Merger Hellman & Friedman LLC
$1.2 billion The Cypress Group and Goldman Sachs Capital Partners Cooper Tire & Rubber Co.'s Cooper-Standard Automotive unit LBO The Cypress Group
$400 million Hellman & Friedman LLC Vertafore Inc. LBO/Purchase of Assets Hellman & Friedman LLC
Not disclosed Silver Lake CalPERS Acquisition of minority interest Silver Lake
$1.5 billion First Reserve Corporation Brand Energy & Infrastructure Services, Inc. LBO/Stock Acquisition First Reserve Corporation
$1.3 billion The Blackstone Group Performance Food Group Company LBO/Cash Merger The Blackstone Group