Hands's

Guy Hands's private equity firm Terra Firma acquired EMI in 2007, just before the credit boom turned to bust.

Guy Hands offered way out at EMI 2011

Jon Moulton, former head of the private equity group Alchemy and now chairman of Better Capital, was sceptical that Hands's backers would rescue EMI.

Guy Hands offered way out at EMI 2011

So close were the pair that Wormsley sometimes offered advice to Hands's Terra Firma free of charge.

EMI: the £4.2bn deal that turned the best of friends into bitter enemies Zoe Wood 2010

In theory, Citi will not have the formal right to take ownership of EMI until after March, when Terra Firma, Hands's private equity firm, expects to be in formal breach of the terms of its banking covenants; Citi is owed £3bn.

Guy Hands offered way out at EMI 2011

But word is that Hands's Terra Firma is on a list of potential buyers drawn up by Citi for when it eventually re-sells the troubled music group.

Overheard 2011

Controversy has surrounded Hands's purchase of EMI from the word go.

EMI: the £4.2bn deal that turned the best of friends into bitter enemies Zoe Wood 2010

Gavin doesn't describe Terra Firma's intervention in the manner of Hands's comment about popcorn sales - preferring to highlight the cinema chain's international growth as its main achievement.

Can the Odeon cinema chain bring home the bacon? 2011

It was Hands's second investment after leaving Nomura bank to set up on his own.

Can the Odeon cinema chain bring home the bacon? 2011

Citigroup will allege that Hands's real interest is to recoup something from an investment that has cost him dear.

EMI: the £4.2bn deal that turned the best of friends into bitter enemies Zoe Wood 2010

Its disastrous takeover by Guy Hands's private equity firm Terra Firma ended in court and control by the deal's largest backer, Citigroup.

The sale of Warner Music highlights a turning point for the whole industry 2011