(Reuters) – Len Blavatnik’s Access Industries, Sony Music Entertainment and Vivendi SA’s Universal Music Group are among the music companies and private equity firms interested in buying EMI Group Ltd, people familiar with the situation said. Potential bidders for parts or all of the 114-year-old music company also include Ronald Perelman’s MacAndrews & Forbes, Tom [...]

(Reuters) – EMI’s parent company said on Wednesday further equity injections may be needed, particularly in 2011, as the music group continues to struggle under the weight of its debt in spite of an improved trading performance. The music business, controlled by Guy Hands’s buyout firm, Terra Firma [TERA.UL], generates enough cash to cover interest [...]

(Reuters) – Buyout firm Terra Firma has pumped 105 million pounds ($152.9 million) of new cash into EMI, sources familiar with the situation said, enough to keep the music group out of the hands of lender Citigroup (C.N). Financier Guy Hands’s group had earlier secured approval from investors to stump up the money, and push [...]

(Reuters) – One of the best ways to get inside the head of British private equity boss Guy Hands is to study what gift he gives for Christmas. For years, Hands has sent friends and business associates a book he has recently read along with a letter discussing the work. The gift is designed to [...]

(Reuters) – Buy-out house Terra Firma is mulling the sale of a minority stake in its UK music business EMI to raise cash to pay back its debts, the Financial Times reported in its Friday edition. Citing a person familiar with the group, the paper said the private equity firm was considering several approaches to [...]

LONDON (Reuters) – Terra Firma Capital Partners has successfully raised 105 million pounds ($155.4 million) to stave off a bank foreclosure on British music group EMI, the Wall Street Journal reported on Tuesday. The newspaper, which quoted people familiar with the situation, said EMI had until Friday to inform lender Citigroup (C.N) that it had [...]

FRANKFURT (Reuters) – Sony Music (6758.T) said it is considering a bid for ailing British rival EMI [LNDONE.UL] on Sunday, while its main rivals deny any interest or decline to comment on their intentions . “We are in a position that allows us to seize every opportunity in the market – including EMI,” the head [...]

LONDON (Reuters) – Talks to license the North American rights for Terra Firma’s EMI Music unit to either Universal Music Group (VIV.PA) or Sony (6758.T) have ended without agreement, sources told Reuters on Wednesday. The music business, owned by Guy Hands’ Terra Firma private equity group, had held separate talks with both firms as it [...]

NEW YORK (Reuters) – A U.S. judge on Wednesday denied a request by Citigroup Inc (C.N) to move a lawsuit by Terra Firma Capital Partners Ltd to London in a dispute over the buyout house’s acquisition of EMI. The order was a victory for Terra Firma Chairman and Chief Executive Guy Hands, who has become [...]

LONDON/NEW YORK (Reuters) – EMI’s efforts to put in place a new business plan by mid-June could be overtaken by rival bidders contemplating bids although suitors must negotiate a complicated legal spat around the British music company. Two people familiar with the situation told Reuters on Monday that Warner Music Group (WMG.N) executives were talking [...]