Deals
Terra Firma Buys Four Seasons Health for 825 Million Pounds
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Guy Hands’s Terra Firma Capital Partners Ltd. agreed to buy Four Seasons Health Care, a U.K. care-home operator, for 825 million pounds ($1.34 billion), his biggest purchase since losing control of EMI Group Ltd.
Terra Firma will inject fresh equity into the company, the London-based private equity firm said in a statement today. Barclays Plc and Goldman Sachs Group Inc. will arrange about 525 million pounds of financing for the purchase, according to a person with knowledge of the situation who declined to be identified because the terms are private.