UK - Terra Firma writes down EMI investment

Terra Firma acquired EMI in September 2007 in a EUR 4.7bn deal, with the equity cheque thought to be around EUR 2.2bn. Speculation in the press suggests that the investment was written down by half.

There are also claims that Terra Firma is planning to give back to LPs approximately EUR 70m of performance fees generated since 2004, while Guy Hands is supposedly also forgoing his EUR 40m bonus.

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