Glossary: Private equity (2026-07-13)

Location: Glossary: Private equity

What was wrong: The private-equity entry described the 2007 TXU buyout by KKR, TPG, and Goldman Sachs Capital Partners as a $48 billion deal.

What it now says: Corrected to roughly $45 billion, the figure supported by TXU's merger filing, with about $40 billion of it financed by debt. The rest of the example, including the 2014 bankruptcy as the largest US private-equity buyout failure, is unchanged.

Why it was wrong and how it was caught: The $48 billion figure overstated the deal; the merger agreement press release puts it near $45 billion. Caught during the glossary figure-sourcing audit on July 13, 2026.

Primary source: TXU Corp Form 8-K, agreement and plan of merger press release (https://www.sec.gov/Archives/edgar/data/1023291/000114420407023582/v074185_ex99-1.txt)