April 19, 2014 7:46 PM ET

Capital Markets

Company Overview of Forstmann Little & Co.

Company Overview

Forstmann Little & Co. is a private equity firm specializing in early leveraged buyouts, equity and subordinated debt financings for recapitalizations, and growth capital investments in middle market companies. The firm prefers to invest in technology, education, telecommunications, and health care sector. Forstmann Little & Co. was founded in 1978 and is based in New York, New York.

767 Fifth Avenue

44th Floor

New York, NY 10153

United States

Founded in 1978

Phone:

212-355-5656

Fax:

212-759-9059

Key Executives for Forstmann Little & Co.

General Partner and Chief Financial Officer
Special Limited Partner
Age: 73
Special Limited Partner
Age: 62
Compensation as of Fiscal Year 2013.

Forstmann Little & Co. Key Developments

Forstmann To Sell IMG Worldwide In 2013

Forstmann Little & Co. is seeking to sell IMG Worldwide, Inc. in year 2013. Goldman Sachs has been informally helping Forstmann to prepare IMG for a sale, according to knowledgeable sources. Also, according to experts, IMG can get as much as $2 billion. It's unclear whether the investment bank has officially signed on to shop IMG, but the firm has deep ties to Forstmann Little. Goldman Sachs declined to comment. Jim Gallagher, Spokesman for IMG said the company is not for sale. "All we're doing is improving our business every day and moving ahead on our international joint ventures, running our business to their greatest profitability," he said.

Forstmann Reportedly Hires Goldman Sachs To Sell 24 Hour Fitness

Forstmann Little & Co. hires The Goldman Sachs Group, Inc. to sell 24 Hour Fitness USA, Inc. in an auction, people briefed on the matter said on July 31, 2012. Goldman will soon begin soliciting interest from other fitness chains and private equity firms. The chain is expected to provide about $2 billion in a sale, said these people, who requested anonymity because they were not authorized to discuss the deal publicly. The potential buyers can be Equinox Holdings LLC, L.A. Fitness International, LLC, and Life Time Fitness Inc. According to The New York Times a representative of the 24 Hour Fitness did not immediately respond to a request for comment.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 18, 2013
IMG Worldwide, Inc.
 

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