Terra Firma, the UK private equity group, has sealed its first US acquisition by agreeing to invest $350m in Everpower, a developer of wind farms that aims to supply electricity for 250,000 homes in five years.
The deal is the second so far this year by the private equity group run by Guy Hands, one of the City of London’s best-known buy-out bosses, who ran into trouble with his £4bn ($6.5bn) purchase of music group EMI in 2007.
