Where Does Alltel Rank?


All the private equity rage today is Alltel Corp., which agreed to be acquired for $27.5 billion by TPG and Goldman Sachs. If successful, it would be the eighth-largest leveraged buyout in history – sandwiched between pending deals for First Data and Clear Channel.

Here are the top ten leveraged buyouts in history, according to Thomson Financial. The dates in parentheses are for when the deal was first announced — as half of them have not yet closed. 

1. TXU Corp. (2007)
KKR, TPG, Goldman Sachs, Morgan Stanley, Citigroup, Lehman Brothers

2. Equity Office Properties Trust (2006)
Blackstone Group

3. HCA Inc. (2006)
Bain Capital, KKR, Merrill Lynch

4. RJR Nabisco (1988)
KKR

5. Kinder Morgan Inc. (2006)
Goldman Sachs, AIG, Carlyle Group, Riverstone Holdings

6. Harrah’s Entertainment (2006)
Apollo Management, TPG

7. First Data Corp. (2007)
KKR

8. Alltel Corp. (2007)
TPG, Goldman Sachs

9. Clear Channel Communications (2006)
Bain Capital, Thomas H. Lee Partners

10. Sallie Mae (2007)
JC Flowers & Co., Freidman Fleischer & Lowe, Bank of America, JPMorgan Chase

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