Guy Hands (born August 27, 1959) is a British investor and investor. He is most prominent as founder and chairman of Terra Firma Capital Partners, one of Europe's largest private equity firms. Hands also previously served as Chairman of the British music company, EMI.
Hands are famous for his often outspoken comments about the private equity industry. In April 2009 he moved from England to Guernsey where Terra Firma was headquartered.
Video Guy Hands
Biography
Guy Hands was born in London to South African parents, via Southern Rhodesia. She was educated at Holy Trinity School, Cookham, where she was diagnosed with severe dyslexia. Subsequently, he was sent to Ravenscroft Preparatory School, special needs school, age 9 and The Judd School, Tonbridge. Recently, Hands donated funds for the construction of Guy Hands Library at Judd School. In the production of Ravenscroft Macbeth in 1970, he played the role of Lady Macbeth in the presence of Christopher Newbury as Macbeth.
Hands studying Philosophy, Politics, and Economics at Mansfield College, Oxford. In Oxford, Hand holds the Bursar offices of the Oxford Union as well as the President of the Oxford University Conservative Association at Michaelmas Term 1980. The hands then provide funding for the construction of Hands Building at Mansfield College.
Initial career
Hands started his career in 1982 as an eurobond trader at Goldman Sachs. He was appointed head of Eurobond trade in 1986 and then rose to head of global asset management for the European Goldman division in 1990. In 1994, Hands left Goldman to establish Nomura's Principal Finance Group, which focuses on private equity investments in Europe. Hands join Nomura after three other banks, including Goldman, rejected his investment plan. In Nomura, Hands and his team completed more than $ 20 billion in leveraged purchases. In 2000, Hands reportedly generated profits for banks of more than $ 1.9 billion making him a financial star in London. The most famous acquisitions in Nomura include Annington Homes, as well as William Hill, bookies, and Angel Trains, a British stock company. In addition, Hands effectively became the largest publishers in the UK through a series of acquisitions in the 1990s.
Terra Firma
In 2002, Hand founded Terra Firma Capital Partners, as a spinout from Nomura, which he has built as one of Europe's largest private equity investors. Terra Firma debuted with a private equity fund of EUR2 billion, soon making it one of the larger private equity investors in Europe.
The company's initial investment, while still a division of Nomura, focuses on housing (Annington Homes), rental companies and pubs. Since 2002, the company has invested heavily in waste management (Waste Recycling Group), energy (BGCL, East Surrey Holdings, Phoenix Natural Gas, aircraft rental (AWAS), cinema (Odeon Cinemas/UCI) and music sector (EMI) TFCP has also made significant investments in German residential housing (Deutsche Annington) and toll road services (Tank & Rast).
Terra Firma is now also one of the world's leading private equity investors in renewable energy. Its investments include the UK-based green energy business (Infinis), the US wind energy business (EverPower) and the Italian solar energy business (RTR).
Hands and Terra Firma are also known for the failure of investment in UK music company EMI, which was later taken over by Citigroup, the principal lender in the investment. Citigroup took ownership of EMI Group from Terra Firma on February 1, 2011, removing the company's investment and removing the debt of  £ 2.2 billion. Despite implementing operational turnaround, Terra Firma reportedly lost $ 2.5 billion in EMI transactions, representing about a third of Terra Firma's investor capital as well as over 60% of Hands' personal net worth. Hands have spent most of 2010 engaged in litigation with Citigroup, claiming the bank was involved in fraud during an EMI auction in 2007. The suit was tried in New York at the end of 2010 and resulted in jury findings in favor of Citigroup. The ruling was later canceled in May 2013, after a US federal appeals court found that American court judge Jed Rakoff had wrongly instructed the jury on British law.
A new court led by a judge was heard by Mr. Justice Burton in London in June 2016. After two days of evidence, during that time Mr. Hand acknowledged more than once that he did not have that 'memory anymore', the lawyer for Terra Firma pulled back the case with all the costs Terra Firma had to bear. Burton said: "I believe this is the right result." Citi said: "We always state that the allegations made by Terra Firma are entirely unfounded." The hands say that the claim has brought goodwill, but the documentation and memory of these events after nine years is no longer sufficient to meet the high demands of the required evidence, and that the matter is now closed.
In an interview with Mail on Sunday in March 2017, Guy Hands suggested that Terra Firma had recovered from EMI's investment, stating: "More than 200 investors, hardly anyone mentions it now, for them and Terra Firma is over. has moved. "
Personal life
Hands start arts business before going to university. Once upon a time in Oxford it was known as' Artsake 'and employed a large number of Hands' student friends. While at university, he befriended William Hague, who later became the best man at his marriage, in 1984, to Julia Caroline Ablethorpe. The couple has two sons and two daughters. His wife's home in Kent, just outside Sevenoaks, was once presented to Winston Churchill, while his family's estate in Tuscany, Villa Saletta, produced wine and olive oil. Wine Estate has won several awards.
His hands and his wife have a network of Hand Picked Hotels from 20 village house properties, run by Julia Hands.
Hand is a special wine collector, and is a customer of Octavian Vaults for storage.
In April 2009, in protest against the British tax system, Hands moved to Bailiwick of Guernsey. Since then, he has never been to England and his family traveled to Guernsey to see him. Writer Malcolm Gladwell called the move to Guernsey as "a very interesting pathology", seeing the exile from Britain as a significant reversal in profits getting very rich.
In 2017, Guy and Julia Hands agreed a deal to acquire McDonald Nordic operations. The Nordic countries consist of about 435 restaurants, 95% of which are franchises. The deal will see Hands become the development license and franchisor for McDonald's in the region.
Maps Guy Hands
Philanthropy
The Hands family supports a number of charities including Prince's Trust, King's College, Cambridge, Duke of Edinburgh Awards, Children's Company, Eve Application, Hospice in Weald, ICAN, and Outward Bound.
They are also significant supporters of Mansfield College, Oxford. In recognition of their significant contribution, Mansfield hosts an annual Public Lecture series, whose speakers include Lord Mandelson, David Boies, and Bob Geldof. Since 2014, the Hands family has donated Ã, Â £ 2.2 million to build the Mansfield Love Track, which will host the new University of Human Rights Institution.
The hand was first donated money to Mansfield College in 1995, and has since been active in its development. One area of ​​change Hand has been vocal is the decision to focus on providing educational access to 'unspecific students'. The college now claims the English school's school intake of 91.4% compared to just under 60% for the rest of the University - the statistics that Hand states 'puts Mansfield in a different league'.
Through Terra Firma London, Hands contributed 10% of the pre-tax profit to Terra Firma Charitable Trust and Impetus - The Private Equity Foundation, with this donation given to the local community in Southwark in South London where the company has an office.
Awards and appointments
- 2000 - Selected as Future Global Leader of the World Economic Forum
- President Access to Excellence
- Bancroft Fellow from Mansfield College, Oxford
- Member of Chancellor's Court of Oxford University Chancellor
- Fellow of the Duke of Edinburgh Award Scheme
References
External links
- Guy Hands. Terra Firma Capital Partners website
- Guy Hands Blog. Guy Hands Blog Terra Firma Capital Partners website
- Select Hotel Hand (company website)
Source of the article : Wikipedia
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