Terra Firma looks to raise €2bn European fund

Guy Hands plans a May launch for his return to private equity fundraising, ahead of a summer retrial on Terra Firma’s ill-fated EMI investment

Terra Firma is targeting a May launch for a €2 billion European buyout fund, as it prepares for a retrial on its ill-fated EMI investment later in the summer, according to people close to the matter.

The Europe-focused fund will target equity investments of up to €750 million, with the new fund contributing about half and the remainder coming from co-investments.

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