(Bloomberg) It pays to dot the i’s and cross the t’s. That’s the issue that has befallen British private equity chief Guy Hands who faces another setback at his fund’s struggling U.K. care home provider. When his Terra Firma Capital Partners Ltd. altered a loan agreement with Barclays Plc, it unwittingly allowed creditors including a U.S. hedge fund access to a “valuable windfall,” lawyers for Hands told a court Friday.
Mistake by Terra Firma Gives H/2 Hedge Fund Possible Windfall
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