Terra Firma
Terra Firma buys Rete Rinnovabile for €670m
Private equity group Terra Firma has purchased Rete Rinnovabile, the largest solar power firm in Italy, in a deal worth €670m.
EMI dispute to be heard in US court
Private equity group Terra Firma and international financial conglomerate Citi Group are set to fight a legal battle over EMI in a US courtroom next month.
Terra Firma and Citi set up mediation talks
Terra Firma is reportedly set to start mediation talks with Citigroup next month to discuss EMI, ahead of court hearings in October.
Terra Firma in competition for Biffa gas unit
Terra Firma has made a bid for the landfill-gas unit of UK waste management specialist, Biffa, according to reports.
Terra Firma infuses fresh cash into EMI
EMI has confirmed it will receive a fresh cash injection from its private equity backer, Terra Firma, as it continues to fight against breaching bank covenants.
Terra Firma ‘confident’ on EMI debt
Terra Firma says it is confident it will meet its debt obligations to Citigroup into the next year, according to reports.
Terra Firma investors vote on EMI
Reports suggest Terra Firma’s investors will be voting on whether the future of EMI lies with Terra Firma or if the private equity house will default control over the debt-laden music label.
Terra Firma's EMI needs £120m or risks being taken by Citigroup
Terra-Firma backed EMI, the struggling music group, has failed to secure distribution deals with Sony and Universal, and as a result, could lose control of the business to its lender Citigroup if its current private equity owners refuse to take part in...
Terra Firma's EMI in talks to sell rights in Americas before critical deadline
Terra Firma's EMI is reportedly in talks with Universal Music and Sony Music about selling its distribution rights in the Americas for £200m, in a last-minute attempt to raise cash before a covenant test on its £3.2bn in loans.
Citigroup loses appeal to drop EMI suit
Citigroup has lost its appeal to dismiss Terra Firma's lawsuit, as US District Judge Jed Rakoff in Manhattan rejected the bank's argument that dispute should be held in a UK court.
KKR's European music rights giant is taking shape
EMI's documented struggles to keep afloat may well lead to the overdue consolidation of the music rights industry. Mareen Goebel investigates
KKR and Warner in break-up bid talks for EMI
KKR and Warner Music Group are reportedly in talks to launch a break-up bid for EMI, which is currently owned by Terra Firma, who acquired the business in 2007 in a £4bn deal.
Terra Firma mulls request to invest more into EMI
Terra Firma is reportedly considering asking its investors to inject an additional £120m into troubled portfolio company EMI, the music group, in order for the business to avoid defaulting on its loan covenants.
Citi tries to gain edge in Terra Firma battle
Citigroup has reportedly called for its legal battle with Terra Firma over beleaguered music group EMI to be moved from New York to London, as the bank has claimed that all events surrounding the poorly-timed deal took place in London and thus any case...