and family faced criticism over their trip to Cancun amid the power failure in the state. Now some people have turned their attention toward Cruz's wife, Heidi.Heidi Cruz, who has an MBA from Harvard Business School, is a managing director at Goldman Sachs.made the connection between Goldman Sachs and a merger agreement involving TXU Corp., the former parent company of Texas electricity provider TXU Energy.
"A Goldman Sachs fund was part of a private equity consortium that bought TXU in 2007, but following the company's bankruptcy years ago we no longer had a stake," a Goldman Sachs spokesperson toldIn 2007, TXU Corp was purchased in a private equity acquisition by Texas Energy Future Holdings Limited Partnership, a group led by Kohlberg Kravis Roberts, Texas Pacific Group and Goldman Sachs Capital Partners. TXU Corp was then known as Energy Future Holdings Corp .
In October 2016, certain subsidiaries of EFH, including TXU Energy and Luminant, announced they had emerged from Chapter 11 bankruptcy through a tax-free spinoff from Energy Future Holding Corp under the new parent company Texas Competitive Electric Holding .
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