PRINT THIS PAGE US Forstmann Little to buy sports marketing company for $700m30/09/2004. Source: AltAssets. 
 US private equity firm Forstmann Little is close to acquiring International Management Group (IMG), the global sports marketing group and talent agency, for around $700m. A deal would mark the end of a three-month auction for the company.
Kohlberg Kravis Roberts and Bain Capital were among the other private equity firms competing for IMG.
IMG, which put itself up for sale in June after the unexpected death of founder Mark McCormack a year earlier, represents a plethora of sports superstars including Tiger Woods, Venus and Serena Williams, as well as an array of models, actresses and musicians including Gisele, and Elizabeth Hurley.
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