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Terra Firma

Terra Firma Writes Down 90 Percent of Its EMI Investment, After Failing to Restructure Debt

Rafat Ali

Nov 16, 2009 10:29 PM

Terra Firma’s really been brought down to earth, in more ways than one: after failing to restructure EMI’s debt, it has written down about 90 percent of its investment in the struggling music label, reports FT. This comes after its lending bank Citigroup rejected the PE group’s efforts to get…

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Posted In: Entertainment, Music, Companies, EMI, terra firma

Industry Moves
Industry Moves: Hands Steps Down As Terra Firma CEO; Will It Pacify Investors?

Staci D. Kramer

Mar 18, 2009 10:33 AM

Guy Hands is giving up daily operations of private equity firm Terra Firma, owner of EMI, moving to group chairman and chief investment officer after seven years as chairman and CEO. Terra Firma founding partner Tim Pryce steps in as new CEO. The PR version: “This will enable Guy Hands…

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Posted In: Entertainment, Music, Industry Moves, Money, Companies, EMI, guy hands, terra firma

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