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Tag Archives: Terra Firma

EMI’s Owners Lose Court Case Against Citigroup

Posted by on November 5, 2010

In a ruling that’s a blow to one of the remaining four major label groups, private equity group Terra Firma has lost its court case against Citigroup accusing the bank of tricking them into overpaying for label group EMI in 2007. Terra Firma’s owner Guy Hands paid $4 billion for the company, with Citigroup providing […]

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Documents: EMI Was Almost Broken Up

Posted by on February 15, 2010

According to court documents filed in New York, the chairman of Terra Firma Capital Partners Ltd., owners of  EMI Group, proposed to break up the music company in November. Guy Hands proposed splitting the group’s music publishing and recorded music divisions in a letter to their lender, Citigroup Inc., the Wall Street Journal revealed, calling […]

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Terra Firma Looking for $160 Million To Help Bail Out EMI

Posted by on February 4, 2010

Private equity group Terra Firma might have thought they had a sure thing on their hands when they bought EMI Music (which includes Virgin and Capitol) in 2007. And while parts of EMI, the world’s fourth-largest label, are doing ok now, the future looks a little shaky. The Wall Street Journal reports that Terra Firma […]

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