Wednesday, Dec. 20, 2006

Kinder Morgan and Management (with GS Capital Partners, AIG, Carlyle Group, Riverstone Holdings)

Joining a trend, Houston-based energy company Kinder Morgan is going private in a $27.5 billion deal. Management at the company, which provides oil pipelines, first bid to take Kinder private in May, but had to sweeten the deal by 7.5% before the board voted to approve it in August. CEO Richard Kinder helmed the transaction, with financial backing from some of the biggest names in private equity. He will remain the company's head, and the buyout will increase his stake from 18% to 40%.

With research by Thomson Financial