The long and winding road: Terra Firma's EMI timeline

FN charts how the situation has soured from the private equity firm's ill-fated investment in 2007 to the forthcoming London legal proceedings

August 2007: Terra Firma buys EMI in a deal worth £4.5bn. The buyout firm puts in about £2bn of equity, with Citigroup taking on all the debt, although the bank was unable to sell it on

January 2008: EMI says it will make up to 2,000 of the company's 5,600 staff redundant as the record industry reels from internet piracy

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