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Theodore Joseph Forstmann (February 13, 1940 – November 20, 2011) was one of the founding partners of Forstmann Little & Company, a private equity firm, and chairman and CEO of IMG, a global sports and media company. [ 2 ] A billionaire, Forstmann was a Republican and a philanthropist. He supported school choice and funded scholarship ...
Forstmann, Little & Company was an American private equity firm, specializing in leveraged buyouts (LBOs). At its peak in the late 1990s, Forstmann Little was among the largest private equity firms globally. Ultimately, the firm would suffer from the bursting of the internet and telecom bubbles, having invested heavily in technology and ...
Forstmann was an original investor in Forstmann Little & Company in 1975 with his two brothers, Theodore J Forstmann (Ted) and Nicholas C Forstmann (Nick). At its peak, the company was one of the largest private equity firms globally and specialized in leveraged buyouts. He remained a special limited partner until his brother's passing. [5]
On Monday, global sports and media behemoth IMG announced the death of its chairman and CEO, Theodore J. "Ted" Forstmann, from brain cancer. Forstmann, born in 1940, was a former investment banker ...
John T. Walton. John Thomas Walton (October 8, 1946 [1] – June 27, 2005) was an American war veteran and a son of Walmart founder Sam Walton. He was also the chairman of True North Venture Partners, a venture capital firm. Walton cofounded the Children's Scholarship Fund, providing tuition scholarships for disadvantaged youth.
Ted Forstmann and his Forstmann Little buyout firm also played a prominent role. After Kravis and Johnson were unable to reconcile their differences, a bidding war took place which Johnson would eventually lose. The side effect of the augmented buyout price to the shareholders was the creation of a high level of debt for the company.
Jennifer Kline. Updated June 9, 2019 at 11:09 PM. "My Three Sons" are now grown-up with children of their own. From 1960 to 1972, Fred MacMurray starred as the widowed dad to three boys: Mike ...
Forstmann and the late John Walton met as donors to the Washington Scholarship Fund (WSF), founded in 1993 to provide scholarships for low-income families in Washington D.C. When more than 8,000 applications applied to WSF for the 1998-99 school year the two men realized there was substantial demand among poorer families for alternatives to the ...