| ||||||||||||||||||||||
| ||||||||||||||||||||||
Entries tagged "Terra Firma"Can the Beatles save EMI from Citi?Citigroup may be taking a hard line on working out a debt restructuring of Beatles' music label EMI Group. Permira chair like rabbit in headlightsDamon Buffini, chairman of Permira Advisers, never appeared entirely comfortable in his role as the public face of U.K. private equity, but now that he's stepping aside he can breathe a sigh of relief. Private equity pink slips hit EuropePrivate equity's woes are beginning to translate into European job losses. The Financial Times reports that 3i Group plc is about to ax some 15% of its staff -- or about 100 people -- mainly in marketing, human resources and back-office functions, and about half will be in the U.K. 3i spokespeople were not immediately available for comment. But at other places the defenestration is happening at an altogether higher level. Highest of the lot are the reported axings of Terra Firma Capital Partners' appointees to EMI Group, Chris Roling and Ashley Unwin.... Terra Firma's Guy Hands makes dire predictionsBailouts for banks are bad news for private equity dealmaking, Guy Hands, the outspoken CEO of U.K. buyout shop Terra Firma Capital Partners, speculated at the Super Investor conference in Paris Thursday. Among his "sky is falling" predictions were restricted lending, layoffs and negative internal rates of returns. ... Guy Hands: PE dealmakers could see 75% pay cutBankers aren't the only ones who will be seeing smaller pay checks in 2008 and beyond; Terra Firma chieftain Guy Hands is predicting private equity dealmakers' could see compensation fall as much as 75% thanks to the credit crunch.... Guy Hands: Give back the moneyIn what seems a surprise to the media, British buyout maven Guy Hands proposes in an open letter to limited partners that private equity firms ought to consider scaling back funds in the face of troubled markets.... PE heads still see trouble ahead for debt marketsTwo of the best known names in private equity -- Terra Firma's Guy Hands and the Carlyle Group's David Rubinstein -- have taken a dim view of the state of the debt markets and banks in recent days. ... Deal International: News on Best Buy-Carphone, Illinois Tool-Enodis, moreStay tuned to TheDeal.com and Deal International for updates on these stories and more. Best Buy Co.-Carphone Warehouse Group plc Best Buy is investing $2.1 billion in half of Carphone's retail interests in Europe and North America, marking its first major move into Europe. (See full story.) ... Terra Firma's Guy Hands threatens to abandon U.K.Guy Hands, the outspoken head of London private equity shop Terra Firma Capital Partners Ltd., lashed out Wednesday at the U.K. government's controversial flat-rate capital gains tax and its new £30,000 levy on resident foreigners. He said the new taxes may drive some of his staff and his activities offshore. ... Does Ghosn really want Chrysler?The New York Times asked Thursday morning whether Carlos Ghosn, the chief executive of Renault and Nissan, will try to buy Chrysler. It is an absurd notion, which luckily The Times admits is a far-fetched idea. However, the story moved forward probably because executives at DaimlerChrysler didn't outright dismiss it, instead saying the company would explore all possible means to reinvigorate the ailing U.S. brand. The Times notes that the current attempt to restructure Chrysler is the second in six years. Interestingly, the last time Chrysler was under the microscope, the press speculated that DaimlerChrysler might amputate the Jeep brand.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Terra Firma." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
 Deal Video
    Community
 Elsewhere on The Deal.comDealwatch
The Deal MagazineCorporate Dealmaker
The Deal VideoCategories
Blog roll
Archives
| ||||||||||||||||||||||
| ||||||||||||||||||||||
