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Terra Firma's EMI overhaul 'not gone to plan'

Terra Firma’s 100-day overhaul of music company EMI has not gone to plan and the process has been emotionally and physically tougher than expected, the buyout house’s chief executive Guy Hands admitted today.

Private Equity News, a sister publication to Financial News, asked Hands at the annual Super Return Private Equity and Venture Capital conference in Munich whether the 100-day plan had gone as expected, to which he responded: “No."

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