Structured finance LBO presentations on Kinder Morgan - How did the deal end?

Extract

[...] While the Leveraged Buyout of Kinder Morgan was initially seen as a success, with strong cash flow generation and a strategic exit plan, the deal's intricacies reveal complexities that merit a nuanced understanding. Concerns were raised about the potential conflicts of interest, particularly regarding the management's dual role as both the advisors and beneficiaries of the buyout. The fact that the board was reportedly left in the dark for over two months as the deal developed suggests that not all corporate governance best practices were followed, raising questions about the transparency and fairness of the process (J.Tiegerman p. [...]

[...] This aspect of the deal highlights the delicate balance between managerial prerogatives and shareholder interests, underscoring the importance of rigorous oversight in such high-stakes transactions. References J.Tiegerman. (2007). Kinder Morgan: When Management Conceals a Buyout From the Board of Directors. Journal of International Business and Law, 12. https://scholarlycommons.law.hofstra.edu/cgi/viewcontent.cgi?article=1138&context=jibl Zonebourse. (2006). Kinder Morgan, objet d'un LBO de 22Mds$. [...]

[...] Structured finance LBO presentations on Kinder Morgan - How did the deal end? How did the deal end? The Leveraged Buyout of Kinder Morgan, can be characterized as a successful financial maneuver. The immediate indicators post-LBO (the premium paid to shareholders and the strategic reinvestment by the CEO) suggest that the deal was met with optimism by those at the helm. The structure of the deal itself, with a significant portion of the financing coming from equity, particularly from management's rollover investment, underscores a commitment to the company's future: An LBO valued at 22 billion dollars, and dollars per share for the shareholders with 27% increase compared to the initial price announced (Zonebourse, 2006). [...]