Vestar Capital Partners

Last updated
Vestar Capital Partners
Type Private
Industry Private equity
Founded1988;36 years ago (1988)
Headquarters New York City, New York, United States
Services Leveraged buyout
Website www.vestarcapital.com

Vestar Capital Partners is an American private equity firm focusing on leveraged buyout transactions in middle-market companies in the United States.

Contents

The firm, which was founded in 1988, is headquartered in New York City with offices in Boston, Massachusetts and Denver, Colorado, in the U.S. [1]

History

Vestar is a leading private equity firm specializing in management buyouts and growth capital investments. Vestar was founded in 1988 by principals of The First Boston Corporation’s Management Buyout Group. [2] As of 2017, four of the original founders -- Daniel O'Connell, Norman Alpert, Robert Rosner, and James Kelley -- were still with the firm. [3]

Since the firm's founding in 1988, the Vestar funds have completed more than 80 investments in companies with a total value of more than $46 billion.

In 2013, Vestar Capital acquired a majority stake in Roland Foods Corporation. [4] The firm acquired Institutional Shareholder Services (ISS) from MSCI in 2014 for $364 million. [5]

Investment funds

Between 1988 and 2019, Vestar raised seven private equity funds with total investor commitments of more than $8 billion. The first six of those funds have been fully invested.

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References

  1. "Merck Subsidiary Takes Majority Stake in Vestar-Backed StayWell". Wall Street Journal. 11 July 2016. Retrieved 13 January 2024.
  2. Vestar-Led Group In M&H Buyout. New York Times, August 12, 1988
  3. Lim, Dawn (21 March 2017). "Vestar Targets $1 Billion for Latest Fund". Wall Street Journal. Retrieved 13 January 2024.
  4. Or, Amy (26 August 2013). "Dig In: Vestar Acquiring Majority Interest in Roland Foods". Wall Street Journal. Retrieved 13 January 2024.
  5. Halzack, Sarah (25 August 2023). "ISS to be acquired by Vestar Capital Partners for $364 million". Washington Post. Retrieved 13 January 2024.