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Home > Company Index > Financial Services > Investment Firms > Forstmann Little & Co.

Forstmann Little & Co.
 NEWS FROM THE STANDARD
Letters
Jan 24 2000 12:00 AM PST

 PROFILE
Forstmann Little & Co. is no small player in the world of buyout boutiques. However, the investment firm is different from many rivals: Its lower interest rates allow its buys more time to develop and pay back debts. The company has had its share of failures, but those have been outweighed by its successes. Recent investments have focused on telecommunications, technology, education, and health care. Since its founding in 1978, Forstmann Little has invested more than $10 billion in about 30 companies. It is led by the surviving member of its founding group, Ted Forstmann (Nicholas Forstmann died in 2001, and William Little died in 2000).

 COMPETITION
Hicks, Muse, Tate & Furst Incorporated (dossier)
Kohlberg Kravis Roberts & Co. (dossier)
Thomas H. Lee Company (dossier)

 DEALS
Deal: Metiom Gets $45 Million
Date Announced: 01.18.01
Value of transaction (US $Mil): 45
Description: Procurement-software firm for online marketplaces raises $45 million in funding from venture investors; announces reduction of staff by 20 percent.

 CONTACT INFO
767 5th Ave.
New York, NY 10153
US
Phone: 212-355-5656
Fax: 212-759-9059
Online: Web Site

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