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Environmental Defense Fund and the Leveraged Buyout of TXU

Adam Fremeth; Margaret Loudermilk;

商品編號:9B17M026
出版日期:2017/01/27
再版日期:2019/06/11
商品來源:Ivey
商品主題:General Management/Strategy
商品類型:Case (Pub Mat)
涵蓋議題:non-government organization;electric utility;leveraged buyout;private equity;energy;negotiation
難易度:4 - Undergraduate/MBA
內容長度:11 頁
地域:United States
產業:Utilities;
事件年度:2006

In 2006, the regional director for Texas’ Environmental Defense Fund (EDF) was on his way to a hearing about permits for new coal plants proposed by Texas electricity provider TXU when he received a call from private equity firm Texas Pacific Group, concerning TXU's plans to build 11 new coal-fired power plants. How could he negotiate with the private equity firm as it pursued the largest recorded leveraged buyout deal? The private equity firm was opposed to acquiring a firm embroiled in a pitched battle with environmentalists, and claimed to be willing to make substantial concessions. However, as an environmental non-government organization, EDF would face significant risks if it elected to work with TXU and private equity firms to facilitate this deal. Should EDF support the buyout, and what concessions should it ask for in return?

教學手冊:8B17M026;
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