Home Business NewsBusiness London private equity king Guy Hands just doubled wages to £36m

London private equity king Guy Hands just doubled wages to £36m

9th Jan 14 8:59 am

Well, there are economic green shoots and then there are economic green shoots.

Guy Hands has just doubled his team’s wages from £17.6m in the year to March 2012 to a whopping £35.6m in the year to March 2013 at his private equity firm Terra Firma Capital Partners.

And as we reported in March last year, Hands had stuck £20m of his own money into the bonus pool to make sure his workers could rake it in.

The top-paid director was reportedly CEO Tim Pryce, who took home a cool £2.1m.

That’s not a bad pay rise from the £761,000 received by the highest-paid director the previous year.

The firm has around 90 staff in total.

Hands has been trying to hold onto staff after struggling with ongoing troubles with its botched EMI deal.

It bought a £1.75bn stake in EMI, which was then seized back by lender Citigroup in 2011.

The legal dispute over EMI between Terra Firma and Citigroup is ongoing.

Follow me @LondonlovesBiz and @sophiehobson.


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