How TXU’s ‘bankrupt’ owners could still win

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It isn’t just the fees the private owners extracted from the bankrupt energy company. In one scenario, some current owners could walk away with a kicker.

By Lauren Silva Laughlin

FORTUNE — Energy Future Holdings certainly doesn’t have the cleanest bankruptcy. The $ 44 billion buyout of the energy company (formerly TXU) filed for Chapter 11 Tuesday after languishing for several years under owners KKR (KKR) and TPG Capital. Though the MORE
Fortune Finance: Hedge Funds, Markets, Mergers & Acquisitions, Private Equity, Venture Capital, Wall Street, Washington

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