Terra Firma Capital Partners

Guy Hands, founder of Terra Firma, who stepped down from his post in July, shares lessons learned in his nearly 30 years of investing and warns of the decline of the dealmaker in favour of institutionalisation.

Consolidated Pastoral Company, Australia’s largest cattle business, announced this week that it may be bought out by the Terra Firma founder in a personal capacity.

The UK is no longer the most active private equity market in Europe and some of the country's firms met a cool reception on the fundraising trail.

Firms with complicated track records have seen the current fundraising bonanza and decided to jump in.

Investors want to see how the firm performs on a deal-by-deal basis before they will consider committing to a blind-pool vehicle, PEI understands.

The move follows reports Terra Firma is seeking €3bn for its first commingled buyout fund in 12 years.

Dominic Spiri's departure follows the appointment of Vivek Ahuja, former deputy group CFO of Standard Chartered, to the role of group chief financial officer in January.

The firm has created a group CFO role and hired elsewhere in the business, as it tries to raise its first buyout fund in a decade.