Blackstone Group. This represented the largest leveraged buyout completed since the takeover of RJR Nabisco at the end of the 1980s leveraged buyout boom. At the time of its announcement, SunGard would be the largest buyout of a technology company in history, a distinction later ceded to the buyout of Freescale Semiconductor. The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. On May 15, 2006, Smurfit-Stone reported the definitive sale for $1.04 billion in cash of its consumer packaging division to the Texas Pacific Group. TPG and 2006–2007 buyout boom In early 2006, as TPG was completing fundraising for its fifth private equity fund, co-founder Bill Price announced that he would reduce his work at the firm. On December 1, 2006, it was announced TPG and Kohlberg Kravis Roberts had been exploring the possibility of a $100 billion leveraged buyout of Home Depot. In early 2007, the firm, officially changed its name to TPG, rebranding all of its funds across different geographies. The firm's Asian funds, which had historically been managed by TPG Newbridge, a joint venture with Blum Capital. In August 2007, Midwest Air Group, parent company of Midwest Airlines, signed a definitive merger agreement to be acquired by an affiliate of TPG Capital in a transaction valued at approximately $450 million. TPG and the credit crisis On April 7, 2008, TPG led a $7 billion investment in Washington Mutual. On September 25, 2008, Washington Mutual was taken over by the U.S. government, costing TPG a 1.35 billion dollar investment. It has been called by some analysts "the worst deal in private equity history." In June 2009, Republic Airways Holdings Inc., a provider of regional flights for larger carriers, agreed to buy Midwest Airlines from TPG Capital. On March 12, 2010, Gretchen Morgenson, in The New York Times, discussed TPG's role as a private equity investor in Greek mobile phone operator WIND Hellas, formerly TIM Hellas, which filed for bankruptcy protection late 2009. Morgenson raised questions about the circumstances in which TPG and fellow private equity investors Apax Partners of London redeemed a significant quantity of "convertible preferred equity certificates" held by them to repay their own "deeply subordinated shareholder loans" during a period in which a significant and apparently unexplained spike occurred in the market value of the certificates. Post-recession activity (2010–present) On