Companies planning to list on the London Stock Exchange were handed a reality check yesterday as investors turned their backs on three of the newest entrants to the market.
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Tuesday 26 October 2010
The banker accused of betraying private equity kingpin Guy Hands over the purchase of EMI took to the stand to defend his integrity last night, saying he had always been as truthful and honest as he could.
Wednesday 20 October 2010
Tuesday 19 October 2010
Thursday 16 September 2010
Guy Hands' Terra Firma can proceed to trial against Citigroup in their dispute over Terra's 2007 acquisition of the music group EMI, a US federal judge ruled late on Tuesday night.
Saturday 12 June 2010
Hello Guy Hands, the private equity investor, who founded Terra Firma in 2002 after a stellar career at Goldman Sachs and Nomura, where he made his fortune. And goodbye EMI, Terra Firma's most troublesome investment – if the private equity company doesn't come up with £105m by Monday, it will lose control of the music company, best known as the home of the Beatles.
Thursday 11 March 2010
Thursday 11 February 2010
Hands keeps quiet at Super Return
It seems a long time since the private equity industry's finest were flocking to the industry's annual jamboree, the Super Return conference.
Thursday 04 February 2010
EMI, the music group owned by private equity firm Terra Firma, was hit by an operating loss of £1.03bn last year and today admitted it was in danger of breaching its banking covenants.
Sunday 03 January 2010
Tuesday 08 December 2009
Shanks yesterday told potential suitors that an offer of 150p a share would be enough to buy the waste management group. The move came after the US private equity firm Carlyle approached shareholders with a bid valuing the company at £536m, the equivalent of only 135p a share.
Thursday 26 November 2009
The board of Novera Energy, an Aim-listed renewable energy group, rejected a second approach for the company run by private equity giant Guy Hands yesterday.
Thursday 27 August 2009
The private equity tycoon Guy Hands has bought the US green energy group EverPower Wind Holdings in a deal understood to be worth $350m (£216m).
Wednesday 18 March 2009
The end of an era beckoned at the London-based buyout firm Terra Firma yesterday when the owner of the music company EMI announced that its founder and head, Guy Hands, will step down from the post of chief executive. Mr Hands, 49, will retain the roles of chief investment officer and the chairmanship of the company.
Thursday 09 October 2008
President George Bush is on course for a notable – or should that be notorious? – achievement. Barring a dramatic stock market recovery over the next couple of months, he is set to become the first two-term US president since Woodrow Wilson almost 90 years ago to leave office with the Dow Jones index standing at a lower level than when he was sworn in – 11 per cent lower than in January 2001.
Saturday 26 July 2008
New theory could prove how life began and disprove God
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'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
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Ukip would cut billions from Scottish budget to fund English tax cuts
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'
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