t: EMI US private equity firm KKR is preparing to launch a break-up bid with Warner Music for Terra Firma's EMI, according to the Sunday Times. If Terra Firma cannot convince investors to drum up another £120m (€132m), Citigroup, which put up more than £2.5bn (62.7bn) for EMI's buy-out in 2007, will take o

y jumped ship. A bid is unlikely to be made until EMI has resolved its issues with Citigroup, which it must pay £120m to settle a covenant breach. Terra Firma, EMI's private equity owner, has also sued Citi for allegedly misleading it over the sale of the music group. EMI's woes don't end there, as chief

s shut down shortly after deal was closed. Citi has repeatedly tried to sell debt, also as part of loan portfolio package, but has not succeeded * Terra Firma asked for £120m fresh equity injection to fix covenant breach expected in March 2010 (next covenant test) * EBITDA year to March 2009 was £298m of

0, 2010 at 3:57 AM, e > wrote: Troubled industry but related to P: EMI (music) needs approx US$ 190m to survive or may be taken over by Citigroup. Terra Firma own EMI, my friend is in charge of this investment. Should I talk to them ? This message is confidential. It may also be privileged or otherwise p

EMI and Warner Music and combine. Both available. Guy who wants to do it was CEO of Warner when he sold it to Bronfman, then helped EMI to sell to Terra Firma. What do you think? EFTA_R1_00218362 EFTA01837060

e for P ! Tim Collins might help as board member of Citi UK record label EMI may put itself for sale, four months after former private equity owner Terra Firma lost control of the company to debthotder Cltigroup. The company said that it had initiated a process to explore its options, which could include a

y EMI and Warner Music and combine. Both available. Guy who wants to do it was CEO of Warner when he sold it to Bronfman, then helped EMI to sell to Terra Firma. What do you think? <?xml version="1.0" encoding="UTF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propert

y EMI and Warner Music and combine. Both available. Guy who wants to do it was CEO of Warner when he sold it to Bronfman, then helped EMI to sell to Terra Firma. What do you think? <?xml version="1.0" encoding="UTF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propert

[email protected]] From: David Stem Sent Wed 2/10/2010 6:07:25 PM Subject Re: EMI My friend is the right hand man to Guy Hands, boss of Terra Firma, the EMI owner. I have a meeting scheduled with him for Friday. Tomorrow I will speak to friends at morgan stanley and ingenious media (media focus

2010 8:57:25 AM Subject: EMI Troubled industry but related to P: EMI (music) needs approx US$ 190m to survive or may be taken over by Citigroup. Terra Firma own EMI, my friend is in charge of this investment. Should I talk to them ? This message is confidential. It may also be privileged or otherwise pr

between Guy Hands and investment bank Citigroup =rags on, the future of EMI, the British record label at the centre of =he dispute, is no clearer. Terra Firma, the private equity group Hands runs, is estimated to have =ntil June to sell EMI before it technically defaults on its debts to =itigroup, leaving

10, 2010 at 3:57 AM, > wrote: Troubled industry but related to P: EMI (music) needs approx US$ 190m to survive or may be taken over by Citigroup. Terra Firma own EMI, my friend is in charge of this investment. Should I talk to them ? This message is confidential. It may also be privileged or otherwise p

y EMI and Warner Music and combine. Both available. Guy who wants to do it was CEO of Warner when he sold it to Bronfman, then helped EMI to sell to Terra Firma. What do you think? <?xml version="1.0" encoding="UTF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propert