Guy Hands May Get No Satisfaction as Web Pirates Let EMI Bleed
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Guy Hands, the British dealmaker who made his name securitizing pubs and passenger trains, has assembled investors on a sunny June afternoon in London for the annual review of the companies held by his buyout firm, Terra Firma Capital Partners Ltd.
High on the list: EMI Group Ltd., the record company he bought in August 2007 with 1.47 billion pounds ($2.93 billion) cash, more than he's invested in any previous takeover, and 2.5 billion pounds of loans.