Post-EMI (Since 2011)
In mid-2011, months after the loss of EMI, Terra Firma began speaking with potential investors about the firm's next fund, Terra Firma Capital Partners IV. Terra Firma is targeting to raise upwards of £2.5 billion, which would be roughly half the size of its predecessor which raised £4.8 billion. With the exception of EMI, the balance of Terra Firma’s current fund was reportedly performing well, although the fund was still under water.
In November 2011, Terra Firma was reported to be in discussions with a sovereign wealth fund about a new capital commitment to allow the firm to continue investing after the investment period of TFCP III runs out next year.
In March 2012 they bought The Garden Centre Group and July of the same year bought Four Seasons Health Care. In December 2012 the acquisition of Annington Homes completed.
Read more about this topic: Terra Firma Capital Partners, History