Terra Firma targets $3.42 bln for comeback buyout fund

Terra Firma Capital Partners, Guy Hands, private equity
Chief Executive Officer of Terra Firma, Guy Hands (C), arrives for a meeting in London January 15, 2008. British music company EMI, which is owned by Terra Firma, is to axe up to 2,000 jobs in a restructuring plan by its new private-equity owners to save up to 200 million pounds ($392 million) a year and recast itself for the digital age. REUTERS/Kieran Doherty (BRITAIN) - RTR1VTXA
  • Hasn't raised buyout fund since losing investment in EMI
  • Founder Hands joined by new CEO, head of portfolio businesses
  • Firms exiting legacy portfolio, investing deal by deal
Terra Firma Capital Partners is targeting $3.42 billion for its sixth fund, according to a filing with the SEC. This would be the firm’s first buyout fund since it lost a court battle concerning its 2007 purchase of EMI, which ended in the loss of ...

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