The Terra Firma tycoon Guy Hands has been accused of attempting to run a “shakedown” against Citigroup and its former chief executive, Chuck Prince, in his attempt to recover massive losses from his disastrous acquisition of EMI.
Guy Hands' private equity firm, Terra Firma, has announced its chief executive is planning to step down.
Now this guy gets it.
Private equity firm Terra Firma has joined with the Chinese Development Bank to create a multi-billion dollar renewable energy investment fund. They will start 'raising between $3 and $5 billion in the next few months, with China Development Bank to put an as-yet-undefined amount into the fund'.