Terra Firma Capital Partners
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| 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.
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[edit] Investments
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).
[edit] 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
[edit] 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.
[edit] References
[edit] External links
- Terra Firma Capital Partners (company website)
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