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Report: PE Vet Forstmann Recovering from Cancer

Photo by Jeff Christensen, Reuters
Photo by Jeff Christensen, Reuters

Ted Forstmann has been treated for a malignant brain tumor and is recovering, according to a report.

Fox Business News reported earlier today that Forstmann, 71, has already undergone brain surgery to remove the tumor and that he’s returned to the private equity firm that he founded, Forstmann Little & Co. Forstmann is also CEO and chairman of IMG, the talent agency that counts golf titan Tiger Woods among its star-studded client roster.

During his career Forstmann has bought companies including The Topps Co., Yankee Candle and Ziff Davis; however, he may ultimately be best remembered for ‘the one that got away,’ his attempt to take over RJR Nabisco, which was foiled by rival Henry Kravis’s KKR.