TPG-backed Northstar plans SE Asia buyout fund – Reuters

TPG Capital -backed Indonesian private equity firm Northstar Group is seeking to raise around $1 billion in a new fund to invest in Southeast Asia, people familiar with the matter told Reuters. Northstar, established in Indonesia in 2003, is one of Southeast Asia’s home-grown buyout firms and is facing rising competition from global rivals like KKR & Co and Blackstone Group, both of which have moved teams into the region in the last year.

Reuters – Energy Future Proposes Prepackaged Bankruptcy

Texas power company Energy Future Holdings, formerly known as TXU Corp, has proposed a prepackaged bankruptcy that would restructure $32 billion of debt, but no deal has been reached, writes Reuters. The company is trying to restructure more than $30 billion in debt it was saddled with after the buyout by a consortium including KKR & Co, TPG Capital Management and Goldman Sachs Group Inc‘s private equity arm, writes Reuters.

Reuters – US Buyout Giants Eye Australia’s Pact

US buyout firms Blackstone Group, Carlyle Group and KKR & Co are talking to banks on potential bids for about half of Australia’s Pact, writes Reuters. The deal could value the privately held packaging company at as much as $1.4 billion, according to Reuters. Reuters – U.S. buyout firms Blackstone Group, Carlyle Group and KKR […]

Two resign from Kodak board; represented KKR

Adam Clammer and Herald Chen have resigned from the board of struggling photography company Eastman Kodak, Reuters reported, citing a Tuesday filing with U.S. regulators. Both directors represented private equity firm KKR & Co.

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