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Calpine may be too levered for a private equity player to make a bid.
Providence had established itself as the smartest media and telecom private equity player.
But Reuters reports that Citigroup analysts threw cold water on a private equity player rushing in to buy Burberry.
For a lesser private equity player, back-to-back bottom-quartile funds would have spelled a firm's demise.
It also agreed to acquire Domestic and General, an extended warranty company, from a rival private equity player, Advent International, for $1.2 billion.
Abraaj is now the largest private equity player in the Middle East, with more than $6.2 billion in assets under management.
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That may leave AOL as a target for smaller private equity players, according to Reuters.
That private equity players are getting spooked reflects just how new the territory is for them.
Some big private equity players like Advent and Apax have gone home.
Private equity players concede that competition has heated up and prices are rising.
The deal had been previously criticized in court for the cozy relationship between the bankers and the private equity players.
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