Hands looks for new investors

Guy Hands' private equity firm Terra Firma is drumming up interest in its next fund, which aims to raise up to £2.5bn. The fund, Terra Firma Capital Partners IV, will be around half the size of its previous one and will not be formally marketed until the start of 2012. Terra Firma will focus on the Middle East and Asia to help raise parts of the fund and future investments are likely to be between £225m and £450m.