LONDON Jan 27 Private equity firm Terra Firma
will return 3 billion euros to investors through
disposals within the next 12 to 18 months, the Financial Times
reported on its website on Sunday.
Terra Firma, founded by Guy Hands, will also persevere with
a 3 billion euro fund to buy green infrastructure assets, less
than the 5 billion originally planned, after China Development
Bank failed to commit to the fund, the FT said, citing unnamed
people with knowledge of the matter.
Hands also approached investors regarding a 2 to 3 bln euro
buyout fund that may be marketed as soon as next year, the FT
Terra Firma lost 1.7 billion pounds of its own and
investors' money on EMI, which it bought in a
highly-leveraged deal at the peak of the buyouts boom in 2007.