Terra Firma refinances to spread EMI risk

Terra Firma chief Guy Hands is reportedly busy doing some refinancing to help spread the risk of his recent purchase of EMI. That means ring-fencing bits of EMI equity for other money types in return for them sharing the risk in the all new 'we're venture capitalists now, don't you know' record company. Times Online media analyst Amanda Andrews wrote earlier this week: "Mr Hands is looking to dilute Terra Firma's equity stake in EMI and has met representatives of a number of private equity firms and hedge funds". The move is quite normal for private equity types like Hands, and doesn't mean the Terra Firma chief is getting concerned about his recent investment now he has full access to the major. Just in case you wondered.