Terra Firma Capital Partners

This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (August 2009)

Terra Firma Capital Partners Ltd

Type	Private limited company
Founded	2002
Headquarters	London, England, UK
Key people	Guy Hands, CEO
Industry	Private Equity
Products	Investments, private equity funds
Total assets	£4.7 billion
Employees	100+
Website	www.terrafirma.com

Terra Firma Capital Partners Ltd (TFCP) is a British private equity firm formed through the spin-off of Nomura Group's Principal Finance Group in 2002 by Guy Hands. The firm, which traces its roots to the formation of its predecessor in 1994, has invested €11 billion since inception.

TFCP has invested across a range of sectors, and has focused on buyouts of large, asset-rich businesses, often with complex structural or regulatory issues, which are under-performing and in need of strategic, operational or management change. Terra Firma is perhaps best known, in recent years, for its widely publicized investment in British music company EMI.

Terra Firma is headquartered in London with an office in Frankfurt and the small island of Guernsey with a staff of over 100 employees.

Investments

Terra Firm logo used by the firm between 2002 and 2006

Between 1994 and 2007, TFCP invested approximately €11bn in equity and completed transactions with an aggregate enterprise value of €42bn.

Terra Firma is well known for its investment in British music company EMI. Terra Firma has been reported to be exploring a merger of EMI with Warner Music Group. Terra Firma would likely hold a 40% stake in EMI Warner Music Group and a 10% stake in Time Warner.^{[citation needed]}

Early investments focussed on housing (Annington Homes), leasing companies and pubs. Since 2002, TFCP has made major investments in the waste management (Waste Recycling Group), energy (BGCL, East Surrey Holdings, Phoenix Natural Gas, and Infinis), aircraft leasing (AWAS), cinema (ODEON/UCI) and music sectors (EMI). TFCP has also made significant investments in German residential housing (DAIG) and motorway services (Tank & Rast).

Portfolio companies

Among the firm's investments are the following portfolio companies:

• Phoenix Inns, UK pub ownership
• Angel Trains, UK railway rolling stock ownership ^[1]
• Annington Homes UK based residential home ownership (ex-Ministry of Defence housing) ^[2]
• AWAS, Aircraft leasing company ^[3]
• BGCL
• Deutsche Annington ^[4], German residential homes
• EMI, UK music recorder ^[5]
• First Quench ^[6], UK drinks retailer
• HBS ^[7]
• Hyder, UK utilities company
• Inn Partnership, UK pub ownership
• Inntrepreneur, UK pub ownership
• Infinis ^[8], waste-to-energy company that is planning to become one of the largest wind energy producers in the UK.
• Le Méridien, hotel ownership
• Odeon Cinemas, UK cinema ownership
• Shanks Group plc, UK waste management
• Tank & Rast ^[9], German petrol stations
• Thorn, Electronics
• Unique Pub Co, UK pub ownership
• UCI, cinema ownership
• Voyager Pubs, UK pub ownership
• Waste Recycling Group, UK waste management
• William Hill plc, UK bookmakers

Disclosure efforts

TFCP was the first large private equity firm based in the UK to comply with the Walker Guidelines on transparency and disclosure. In April 2008, it published its first ever ^[10], which exceeded reporting the Walker reporting requirements and ^[11] for voluntary private equity reporting in the UK.

References

External links

• Terra Firma Capital Partners (company website)

v • d • e Private equity and venture capital investment firms Investment strategy Venture · Growth · Mezzanine · Secondaries History History of private equity and venture capital · Early history of private equity · Private equity in the 1980s · Private equity in the 1990s · Private equity in the 2000s Investors Institutional Investors · Pension funds · Insurance companies · Endowments · Investment Banks · Commercial Banks · Fund of funds · High net worth individuals · Family offices · Sovereign wealth funds Private equity firms · Venture capital firms · Portfolio companies

v • d • e Largest private equity investment firms 3i Group · AAC Capital Partners · Advent International · AlpInvest Partners · American Capital · Apax Partners · Apollo Management · Bain Capital · BC Partners · Berkshire Partners · The Blackstone Group · Bridgepoint Capital · Candover · The Carlyle Group · CCMP Capital · Cerberus Capital Management · Charterhouse Capital Partners · Cinven · Clayton, Dubilier & Rice · CVC Capital Partners · Doughty Hanson & Co · EQT Partners · First Reserve Corporation · Fortress Investment Group · General Atlantic · Goldman Sachs Capital Partners · GTCR Golder Rauner · Hellman & Friedman · Kohlberg Kravis Roberts · Lehman Brothers Merchant Banking · Leonard Green & Partners · Madison Dearborn Partners · Nordic Capital · Oak Investment Partners · Oaktree Capital Management · Onex · Teachers' Private Capital · Pacific Equity Partners · PAI Partners · Permira · Providence Equity Partners · Silver Lake Partners · Summit Partners · Sun Capital Partners · TA Associates · Terra Firma Capital Partners · Thomas H. Lee Partners · TPG Capital · Warburg Pincus · Welsh, Carson, Anderson & Stowe Private equity · Private equity firms · Venture capital firms · Portfolio companies

This article about a private equity or venture capital firm based in the United Kingdom is a stub. You can help Wikipedia by expanding it.