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.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.