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The year in private equity

What started out as a banner year for buyout deals quickly soured when the credit crisis hit. A look at the biggest stories of the year, and what's in store for 2008.

The mega deal thrives
Real estate magnate Sam Zell's Equity Office Properties Trust sparked a heated takeover battle that was won by Blackstone in February.
The mega deal thrives
Buyout firms forge one megadeal after another. Blackstone Group wins a bidding war for Equity Office Properties Trust, the real estate investment trust owned by Sam Zell. Including debt, the historic deal is valued at $39 billion.

Just weeks later, utility firm TXU agrees to be bought by Kohlberg Kravis Roberts, Texas Pacific Group and the private equity arm of Goldman Sachs in a deal valued at $45 billion - making it the biggest takeover of a U.S. company.

Jan.

Feb.

March

April

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.