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Stock impact report

Private-equity titan Guy Hands describes how losing billions made him ‘a better person’ [MarketWatch]

SONY CORP (SNE) 
Last sony corp earnings: 10/31 04:02 pm Check Earnings Report
US:NYSE Investor Relations: sony.net/sonyinfo/ir
Company Research Source: MarketWatch
Private-equity titan Guy Hands describes how losing billions made him ‘a better person’ Guy Hands, a European private-equity pioneer, says his confidence remains shaken more than 10 years after a very public deal collapse. And although the businessman feels that he may never recapture his mojo, he believes his past stumbles have been a boon. Hands, who years ago struck a more prominent figure within the private-equity community, blew £1.75 billion (more than $3 billion at 2007 exchange rates) in 2007 by investing in U.K. music company EMI Group, which counted Coldplay among its acts. “I’m not sure I’ll ever get my confidence back to where it was in 2007,” Hands tells MarketWatch, in a candid interview. Since 2002, the 59-year-old British financier has invested almost £15 billion in 33 businesses via Terra Firma but has suffered a string of recent setbacks and admits opportunities have dried up since EMI. However, despite his wounded confidence, Hands is still angling at a comeback — d Show less Read more
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