Jun
07
Guy Hands Resumes Legal Fight With Citigroup Over EMI Deal
By
Guy Hands, the founder of the private equity firm Terra Firma Capital Partners, outside a federal court in New York in 2010. CreditBrendan McDermid/Reuters
LONDON — Nearly a decade ago, Guy Hands, the British founder of the European private equity firm Terra Firma Capital Partners, made a big bet on the storied music group EMI.
The acquisition – announced in 2007 and valued at 4 billion pounds, or about $5.8 billion – was the largest private equity transaction ever completed in Britain. But it proved to be a disastrous one for Mr. Hands, damaging his reputation as an astute deal maker and erasing much of his personal wealth…
Guy Hands Resumes Legal Fight With Citigroup Over EMI Deal
