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Hands’ hope for EMI cash

first_img whatsapp Hands’ hope for EMI cash Show Comments ▼ Share GUY HANDS, the private equity tycoon, has told investors he can recover £1.7bn of the cash he lost in British music group EMI.In a quarterly letter to shareholders, the Terra Firma chairman said he “remains hopeful of returning all of the capital” invested in EMI through the firm’s TFCP III fund.He added: “This will not be easy but we are encouraged by the prospects of our other investments in the fund and the potential acquisitions that our team are evaluating.”Hands first invested in EMI – the record label behind the Beatles and Coldplay – in 2007 with backing from Citigroup.He also said lawyers were continuing to appeal a decision last year that rejected Terra Firma’s claims it was duped into buying EMI by Citigroup The bank has since taken control of the music group and is now looking to sell it. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tuesday 22 February 2011 9:06 pm KCS-content whatsapp Tags: NULLlast_img read more

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