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Guy Hands, CEO of private equity fund Terra Firma, was once a punk – or, at least, Guy Hands liked punk music. “From the late 1970s, my favourite music was punk,” Hands told students at the annual London School of Economics Hedge Fund and Private Equity Conference today. “I didn’t have the looks or the body to dress like David Bowie,” added Hands, “but I wore tight black drainpipe jeans and an Afghan coat and pogoed to the Clash and the Stranglers.” Hands – who now lives in Guernsey as a tax exile and likes to eat in the world’s finest restaurants – may seem a strange sort of anarchist, but says he spent his youth as disaffected as the rest: “Like many young people at the time, I despaired and had little time for the establishment.”
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Tourists are strolling along the cobbled streets and by the seafront marina on a sunny autumn day — this is the last place you’d expect to find a multi-billion-pound private equity firm. Guy Hands moved his Terra Firma empire to the Channel Islands in 2009 for tax reasons and, despite rumours that he wants to move back, Britain’s best-known dealmaker claims he is happy, even though visits to the mainland — including the family home in Kent — are limited to 90 days a year. “I really do like living in Guernsey,” he says from his boardroom overlooking St Peter Port and the nearby islands of Herm and Jethou. “I live on one side of the island, so see the sun set, and work on the other and see it rise. I always wanted to move to Cornwall but actually Guernsey is quicker to London.” “The European cinema industry has had a tough year. Technology that Improves Dining. Technology that Improves Dining. Technology that Improves Dining.
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