Billionaire Theodore Forstmann, who dated "Top Chef" host and actress Padma Lakshmi, has died from brain cancer.
Forstmann, who headed sports and modeling talent agency Img, among other businesses, was 71. He was diagnosed with brain cancer in May.
Padma and Forstmann dated for the past few years, but their relationship made headlines after Lakshmi, 41, gave birth to her daughter over a year ago, but did not disclose the father. It was later revealed that the father was Adam Dell,...
Forstmann, who headed sports and modeling talent agency Img, among other businesses, was 71. He was diagnosed with brain cancer in May.
Padma and Forstmann dated for the past few years, but their relationship made headlines after Lakshmi, 41, gave birth to her daughter over a year ago, but did not disclose the father. It was later revealed that the father was Adam Dell,...
- 11/21/2011
- Extra
U.S. TV star Padma Lakshmi is in mourning after the death of her longtime partner and business financier Theodore Forstmann.
Forstmann, who had been dating the Top Chef host over the last several years, passed away on Sunday after a battle with brain cancer. He was 71.
Forstmann founded the investment firm Forstmann & Little Co. in 1978 and the organisation went on to acquire a number of different companies, including beverage group Dr. Pepper and sports agency Img.
The billionaire, who was also briefly linked to the late Princess Diana during the late 1990s, vowed to give half his net worth to charity following his death after partnering with The Giving Pledge in February.
Forstmann, who had been dating the Top Chef host over the last several years, passed away on Sunday after a battle with brain cancer. He was 71.
Forstmann founded the investment firm Forstmann & Little Co. in 1978 and the organisation went on to acquire a number of different companies, including beverage group Dr. Pepper and sports agency Img.
The billionaire, who was also briefly linked to the late Princess Diana during the late 1990s, vowed to give half his net worth to charity following his death after partnering with The Giving Pledge in February.
- 11/20/2011
- WENN
A blockbuster lawsuit was just filed against the company that manages Roger Federer and Tiger Woods , alleging the owner of the company bet millions of dollars on sporting events, used inside information to wager on a Federer match and bet against his own client, Tiger Woods. Img -- one of the biggest sports management companies in the world -- is being sued by a printing company, which allegedly served as a gambling go-between and even...
- 10/13/2010
- by TMZ Staff
- TMZ
CAA has sold a 35% equity stake to private investment firm Tpg Capital in a transaction expected to help the powerhouse talent agency further build its sports business and monetize the stakes of the partners who own and run the business.
Tpg has invested an undisclosed sum for the stake, which does not include any control over the agency. In addition, Tpg will create a $500 million fund for future investments, the agency announced Friday.
As part of the deal, founding partners Bryan Lourd, Richard Lovett, Kevin Huvane and David O'Connor have signed new five-year contracts.
"We have known and respected the leaders of Tpg for a long time and believe this strategic partnership marks a new starting point for the agency's future," CAA president Lovett said in a statement.
"CAA is the clear leader within its industry and the talent agency most trusted by successful actors, directors, writers, producers, musicians and athletes,...
Tpg has invested an undisclosed sum for the stake, which does not include any control over the agency. In addition, Tpg will create a $500 million fund for future investments, the agency announced Friday.
As part of the deal, founding partners Bryan Lourd, Richard Lovett, Kevin Huvane and David O'Connor have signed new five-year contracts.
"We have known and respected the leaders of Tpg for a long time and believe this strategic partnership marks a new starting point for the agency's future," CAA president Lovett said in a statement.
"CAA is the clear leader within its industry and the talent agency most trusted by successful actors, directors, writers, producers, musicians and athletes,...
- 10/1/2010
- by By Alex Ben Block
- The Hollywood Reporter - Movie News
CAA has been in talks with private equity firms about a potential alliance or joint venture to beef up its sports business, the New York Times' DealBook blog reported Friday.
Several of the firms have expressed interest in buying a minority stake in CAA as part of any deal, it cited a source as saying.
"Any such investment would help move Creative Artists further into the world of producing entertainment and sports," the DealBook report said.
Img, owned by private equity financier Theodore Forstmann, is seen as a model for a potential deal.
CAA has held discussions with the likes of Kohlberg Kravis Roberts and Tpg, according to the report.
Several of the firms have expressed interest in buying a minority stake in CAA as part of any deal, it cited a source as saying.
"Any such investment would help move Creative Artists further into the world of producing entertainment and sports," the DealBook report said.
Img, owned by private equity financier Theodore Forstmann, is seen as a model for a potential deal.
CAA has held discussions with the likes of Kohlberg Kravis Roberts and Tpg, according to the report.
NEW YORK -- Former HBO chairman and CEO Chris Albrecht is joining sports, entertainment and media company IMG, where he will head up the agency's global media business and start a planned $250 million fund with IMG owner Ted Forstmann for investments in media and entertainment content.
IMG will be the lead investor in the new fund, but other strategic partners will be invited to invest as well. Albrecht, who was forced to end his 22-year career at HBO in May after he was arrested in Las Vegas and charged with assaulting his girlfriend outside the MGM Grand Casino, also will be a special limited partner in Forstmann Little & Co., which purchased IMG in 2004.
"Chris Albrecht is a visionary -- not only one of television's greatest creative minds, but also one of its most successful business executives...
IMG will be the lead investor in the new fund, but other strategic partners will be invited to invest as well. Albrecht, who was forced to end his 22-year career at HBO in May after he was arrested in Las Vegas and charged with assaulting his girlfriend outside the MGM Grand Casino, also will be a special limited partner in Forstmann Little & Co., which purchased IMG in 2004.
"Chris Albrecht is a visionary -- not only one of television's greatest creative minds, but also one of its most successful business executives...
- 9/18/2007
- The Hollywood Reporter - Movie News
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