Vestar Capital Partners

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Vestar Capital Partners
Industry Private Equity
Founded 1988
Founder(s) Daniel O'Connell, Robert L. Rosner, James P. Kelley, Sander Levy, Norman Alpert, Arthur Nagle
Headquarters 245 Park Avenue
New York, New York, United States of America
Products Leveraged buyouts
Website www.vestarcapital.com

Vestar Capital Partners is an American private equity firm focusing on leveraged buyout transactions in the United States.[1]

The firm, which was founded in 1988, is headquartered in New York City with offices in Boston, Massachusetts and Denver, Colorado, in the US.

History[edit]

Vestar is a leading private equity firm specializing in management buyouts and growth capital investments. Vestar was founded in 1988 by seven principals of The First Boston Corporation’s Management Buyout Group.[2] Five of the seven original founders, including Daniel O'Connell, Norman Alpert, Robert L. Rosner, James P. Kelley, and Arthur Nagle, are still with the firm.

In 2001, Vestar opened offices in Europe, in Milan (Italy) and Paris (France) [1], which were followed by offices in Tokyo (Japan) in 2006 [2] and Munich (Germany) in 2007 [3]. Tokyo was closed in 2009 [4], Milan in 2010 and Munich in 2011 and Paris in 2012 [5].

The firm is targeting equity investments, in the range of $50 million to $150 million, in U.S.-based middle-market companies with enterprise values ranging from $250 million to $750 million. The firm has extensive experience investing across a wide variety of industries including: Consumer, Healthcare, Digital Media, Information Services, Diversified Industries, and Financial Services. Vestar invests and collaborates with incumbent management teams, private owners or corporations in a creative, flexible and entrepreneurial way to build long-term franchise and enterprise value. Since the firm's founding in 1988, the Vestar funds have completed 70 investments in companies with a total value of more than $40 billion.

Investments[edit]

For details on Vestar's investment strategy, sector focus and Vestar Resources, please visit Vestar's Investment Strategy web page: [6]

Investment funds[edit]

Since its inception in 1988, Vestar has raised six private equity funds with total investor commitments of approximately more than $9 billion. Of these funds, five have been fully invested and two have been fully liquidated. Vestar is actively evaluating middle-market investment opportunities for its sixth fund, Vestar Capital Partners VI.

  • 1988 - Vestar Capital Partners ($35 million - Liquidated)
  • 1993 - Vestar Capital Partners II ($260 million - Liquidated)
  • 1997 - Vestar Capital Partners III ($803 million - Fully invested)
  • 1999 - Vestar Capital Partners IV ($2.48 billion - Fully invested)
  • 2005 - Vestar Capital Partners V ($3.7 billion - Fully invested)
  • 2013 - Vestar Capital Partners VI ($804 million - Closed and currently investing)

Portfolio companies[edit]

For the latest information on the Vestar Capital Partners portfolio, please visit Vestar's Portfolio web page: [7] and also Vestar's News web page: [8] .

References[edit]

  1. ^ "About Us", http://www.vestarcapital.com/en/about/, 8/27/08
  2. ^ Vestar-Led Group In M&H Buyout. New York Times, August 12, 1988

External links[edit]