Guy Hands: "We're hoping EMI is as bad as we think it is"
Friday, Sep 14th 2007 at 7:41PMTalking to a Royal Television Society convention audience, Hands explained Terra Firma looked "for the worst business we can find in the most challenged sector and we get really happy if it's really, really bad," reports Reuters.
"EMI, our most recent investment, is a classic example. We're just hoping EMI is as bad as we think it is," said Hands.
His comments have been confirmed by a Terra Firma spokesman.
However Hands said that the private equity group is determined ...
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