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CROSSTOWN RIVALS: A KKR investment in CAA would pit the firm's co-founder, Henry Kravis, against his old rival, Ted Forstmann, a veteran deal maker who helped pioneer the private-equity business, the WSJ story points out. Forstmann owns sports agency IMG Worldwide. When Forstmann's firm paid $725 million for IMG in 2004, it outbid KKR and Providence Equity Partners. The sports business has become an important component of CAA's business, which it ramped up in 2006 with the hiring of a handful of powerful sports agents from IMG. In addition to repping high-profile athletes like Manning, CAA's sports business also includes forging lucrative sponsorship deals between corporate clients, athletes and professional sports teams. (6/16a)

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