Forstmann Little & Co.
E462465
Forstmann Little & Co. was a prominent private equity firm known for its leveraged buyouts of major U.S. companies in the 1980s.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
leveraged buyout firm
ⓘ
private equity firm ⓘ |
| acquired |
Citadel Broadcasting
NERFINISHED
ⓘ
Community Health Systems NERFINISHED ⓘ Dr Pepper Company NERFINISHED ⓘ General Instrument Corporation NERFINISHED ⓘ Gulfstream Aerospace NERFINISHED ⓘ Harrah’s Entertainment (stake) NERFINISHED ⓘ Topps Company NERFINISHED ⓘ Ziff-Davis Publishing NERFINISHED ⓘ |
| activePeriod |
1980s
ⓘ
1990s ⓘ |
| associatedWith | Wall Street buyout wave of the 1980s NERFINISHED ⓘ |
| businessModel |
buyout investments
ⓘ
control-oriented equity investments ⓘ |
| competitor |
Kohlberg Kravis Roberts & Co.
NERFINISHED
ⓘ
The Blackstone Group NERFINISHED ⓘ Thomas H. Lee Partners NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| era | 1980s leveraged buyout boom ⓘ |
| financingMethod | leveraged buyouts ⓘ |
| foundedAs | independent partnership ⓘ |
| foundedBy |
Brian Little
NERFINISHED
ⓘ
Nicholas C. Forstmann NERFINISHED ⓘ Theodore J. Forstmann NERFINISHED ⓘ |
| headquartersLocation | New York City ⓘ |
| industry |
finance
ⓘ
private equity ⓘ |
| investmentFocus |
mature companies
ⓘ
underperforming or undervalued companies ⓘ |
| investmentType | control private equity ⓘ |
| knownFor |
leveraged buyouts of major U.S. companies in the 1980s
ⓘ
opposition to excessive use of junk bond financing ⓘ |
| legalIssue | lawsuit with Connecticut state pension fund over telecom investments ⓘ |
| notableExit |
sale of Dr Pepper stake through public offering
ⓘ
sale of Gulfstream Aerospace to General Dynamics ⓘ |
| notableFigure | Theodore J. Forstmann NERFINISHED ⓘ |
| notablePartner |
Brian Little
NERFINISHED
ⓘ
Nicholas C. Forstmann NERFINISHED ⓘ Theodore J. Forstmann NERFINISHED ⓘ |
| organizationalForm | limited partnership ⓘ |
| regionServed |
United States of America
ⓘ
surface form:
United States
|
| reputation | one of the leading U.S. buyout firms of the 1980s ⓘ |
| strategy |
longer-term holding periods than some competitors
ⓘ
operational improvements in portfolio companies ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.