Terra Firma writes off half its investment in EMI

Tue Mar 3 2009, 08:36 AM

Private equity firm Terra Firma is writing off half the value of its GBP2.3bn (USD3.3bn) investment in UK record label EMI, which it bought in 2007. The decision accounts for nearly all of a EUR1.37bn (USD1.72bn) impairment charge included in Terra Firma’s annual review. In total, the investor says its portfolio declined 42% in value from EUR7.8bn (USD9.8bn) to EUR4.5bn (USD5.6bn) last year.

Upgrade Required

To access this content and our full archive of articles on 30,000+ companies, you are required to be a StrategyEye subscriber.

We offer a range of subscription options. Complete the form to request one of our packages.

Product information >>
Already a subscriber? Login >>

Upgrade or Request a Trial