Hands forecast for 2011

PLOT SYNOPSIS: Meanwhile, the Financial Times was sticking to the original script, prior to Masuch’s revelation, in its prospectus for 2011. “It will be another bad year for Guy Hands, the private equity tycoon,” FT predicted. “The Terra Firma founder will see EMI, the music company, seized by Citigroup, its creditor, and sold in chunks to Warner Music Group and BMG Rights Management. Mr Hands will salvage some value for his investors by selling Odeon/UCI, the cinema operator, for a substantial premium but it will not be sufficient to repair his reputation—or his prospects of raising another substantial buy-out fund.” (12/20a)