Tim Pryce

Tim John Robert Pryce (born 1 July 1965) is an English businessman and previous CEO of Terra Firma Capital Partners, a leading European private equity investment firm, and one of its founding members. Pryce is also on the board of the General Partners as well as part of Terra Firma's management committee. ^{[1] [2] [3] [4]} Pryce is reported to be the highest paid director at the firm. ^{[5] [6]}

Early history and education

Pryce graduated from King's College London in 1988 with an Associateship and an L.L.B. in English Law. In 1991 Mr. Pryce qualified as a solicitor, and in 1995 as an advocate. He also received a Maitrise in French law from the Sorbonne in Paris. ^{[7] [8] [9]} Before working at Terra Firma, he worked with Guy Hands at Nomura. ^[10] He was General counsel at Terra Firma Capital Partners from 2002 prior to his appointment as Chief Executive Officer in 2009, replacing Guy Hands. ^{[11] [12]} Pryce speaks both French and English. ^[7]

Lawsuit against Citibank

In 2010 Pryce was a key witness in a lawsuit of Terra Firma against Citigroup over the alleged inflated bid for EMI. ^{[13] [14]}

Dismissal of Damian Darragh

In February 2014, news media speculated that Pryce was involved in the decision, that was characterized by the press as surprising to investors, to ask Damian Darragh to leave the firm. ^{[15] [16]} Darragh was leading the firm's effort to raise 2 billion pounds for a renewable energy focused fund. ^[17]

References

1. "Tim Pryce". People. Terra Firma Capital Partners Ltd. Retrieved 26 May 2014.
2. Mason, Rowena (17 March 2009). "Guy Hands to step down as Terra Firma chief executive". telegraph.co.uk. Telegraph Media Group. Retrieved 23 February 2014.
3. "Tim Pryce, Chief Executive Officer, Terra Firma". terrafirma.com. Retrieved 23 February 2014.
4. Riddle over Hands’ sacking of green power dealmaker
5. "Guy Hands Doubles Salaries of Terra Firma Team". privateequity.com. Retrieved 23 February 2014.
6. Porter, Kiel (8 January 2014). "Terra Firma's Hands Cuts Dividend as Employee Pay Rises". bloomberg.com. Bloomberg L.P. Retrieved 23 February 2014.
7. "Executive Profile: Tim Pryce". Company Overview of Terra Firma Capital Partners Limited. Business Week. Archived from the original on 27 May 2014. Retrieved 26 May 2014.
8. Man with feet on Terra Firma - FT.com
9. ‘PRYCE, Tim John Robert’, Who's Who 2014, A & C Black, an imprint of Bloomsbury Publishing plc, 2014
10. Terra Firma Boss Guy Hands “Tags” Out, “Hands” Reigns Over to Tim Pryce, “Fingers” New Position for Himself, “Grasps” Severity of… Well, You See What We’re Getting At, Right?
11. New Role for Terra Firma Chief, Billboard, March 28, 2009.
12. The Rise & Fall of EMI Records, Omnibus Press, September 1, 2009.
13. Christman, Ed (18 October 2010). "Terra Firma vs. Citi: Trial Opens With Battle of Dueling Timelines". billboard.com. Billboard. Retrieved 23 February 2014.
14. Lattman, Peter (19 October 2010). "At Citigroup Trial, the Wit and Wisdom of Judge Rakoff". dealbook.nytimes.com. New York Times, The. Retrieved 23 February 2014.
15. In Surprise Move, Terra Firma Shakes Up Renewable Energy Team
16. MD trio handed reins of $2bn Terra Firma fund: Terra Firma has handed responsibility for its latest $2 billion fundraising to three managing directors, following the departure of Damian Darragh.
17. Guy Hands’ star deal maker asked to leave Terra Firma