Forstmann Little & Co. attracted first-round bids for the talent agency IMG Worldwide Inc. from Silver Lake Management LLC, TPG Capital, CVC Capital Partners Ltd. and KKR & Co., people familiar with the matter said.
Initial, nonbinding expressions of interest were due Sept. 30 and give potential buyers access to financial data on the company, which could fetch more than $2 billion, said the people, who asked not to be named because the talks are private.
The auction pits two Hollywood talent-management companies and their private-equity investors against each other. Silver Lake is teaming up with William Morris Endeavor Entertainment LLC, while TPG is joining with Creative Artists Agency, said the people. CVC Capital, KKR and other private equity firms have also bid, one person said.
Initial, nonbinding expressions of interest were due Sept. 30 and give potential buyers access to financial data on the company, which could fetch more than $2 billion, said the people, who asked not to be named because the talks are private.
The auction pits two Hollywood talent-management companies and their private-equity investors against each other. Silver Lake is teaming up with William Morris Endeavor Entertainment LLC, while TPG is joining with Creative Artists Agency, said the people. CVC Capital, KKR and other private equity firms have also bid, one person said.


