- Through its GSO Capital Partners, Blackstone (BX) has already realized more than $100M in profits trading the debt of TXU Corp, i.e., Energy Future, and the P-E firm stands to make even more when its holdings get converted to equity under the utility's restructuring plan. Additionally, Blackstone bankers are chalking up fees advising other P-E firms which own stakes in Energy Future.
- In 2007, Blackstone was less than pleased at not being invited to consider being part of the takeover group, which included rivals KKR, TPG, and Goldman Sachs Capital Partners.
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