Avista Capital Partners
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|Predecessor||DLJ Merchant Banking Partners|
|Founder||Thompson Dean, Steven Webster|
|Headquarters||New York, New York, United States|
|Products||Leveraged buyout, Growth capital|
|Total assets||$5 billion|
The firm, based in New York City, was founded in 2005 by Steven Webster and Thompson Dean, as a spinoff from Credit Suisse's private equity arm DLJ Merchant Banking Partners (Dean was head of DLJMBP). Avista's spinoff from Credit Suisse was at the same time as private equity groups from other leading investment banks were formed including JPMorgan Chase's CCMP Capital, Citigroup's Court Square Capital Partners, Deutsche Bank's MidOcean Partners, and Morgan Stanley's Metalmark Capital.
Avista received support from Credit Suisse for its debut fund.. In contrast, Diamond Castle Holdings, a middle-market focused private equity firm founded in 2006 (shortly after Avista) by Larry Schloss, also a former banker with DLJ Merchant Banking Partners, did not receive funding support from Credit Suisse.
In 2011, Avista acquired DataBank Ltd., an enterprise-class managed data center based in Dallas, TX, and sold the company to Digital Bridge Holdings LLC in 2016.
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- Avista Capital Partners (company website)