27 March 2002
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. IT IS NOT AN OFFER FOR SALE FOR ANY SECURITIES IN ANY JURISDICTION AND IN PARTICULAR IT IS NOT AN OFFER FOR SALE IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE UNITED KINGDOM
TERRA FIRMA CAPITAL PARTNERS IS BORNMAJOR NEW PRIVATE EQUITY FIRM CREATEDSPIN OUT FROM NOMURA COMPLETED
Nomura International plc’s Principal Finance Group (“PFG”) today completed its spin out to form a new company, Terra Firma Capital Partners.
Terra Firma will continue to advise on the investments made through Nomura’s PFG since 1994, which have been transferred to a fund called Terra Firma Capital Partners I. In addition, Terra Firma Capital Partners is raising its second fund, Terra Firma Capital Partners II LP.
Guy Hands, Chief Executive of Terra Firma, said:
“After seven years of working closely with Nomura, we are now an independent entity. Going forward, our close relationship will remain as we will continue to advise on the remaining assets in the first fund, and Nomura will be a cornerstone investor in our second fund, which we are currently raising.
“Our track record, our distinctive investment strategy and the quality and depth of our people puts us in a unique position in the private equity market.”
For further information:
020 7831 3113
The securities referred to herein are not being registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such terms are defined in Regulation S under such Act) absent registration or an exemption from registration. No public offering of securities is being made in the United States.