Calpine - A very attractive target for private-equity invest Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Calpine - A very attractive target for private-equity invest

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Judi Simpson who wrote (2)	4/18/2007 4:33:58 AM
From: Jeff Bauman	Read Replies (1) of 9

Very good article by "The Street.com thestreet.com Just a small portion of the article. Date: 4/11/2007 3:36 PM EDT Even in bankruptcy, Calpine (CPNLQ - Cramer's Take - Stockpickr) continues to spark intense interest. About 10 potential investors, including a veritable who's who of private-equity heavyweights, are in the running to take equity stakes in the restructuring power company, TheStreet.com has learned. Calpine, which rang up some $23 billion in debt in acquiring the nation's largest fleet of natural gas-fired plants before faltering into Chapter 11 more than a year ago, has been soliciting bids in an effort to re-emerge by year-end. Firms asked to submit offers include the Carlyle Group, Kohlberg Kravis Roberts, TPG Capital, the Blackstone Group and Hellman & Friedman. Equity Capital Partners, a private energy investment firm run by former Goldman Sachs (GS - Cramer's Take - Stockpickr) executives, also is part of the roster. According to people familiar with the San Jose, Calif.-based energy company's plans, a winning bidder likely will be selected in the next two weeks. Proposals are said to include outright buyout plans as well as equity investments in a re-emergent Calpine entity.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next