Vestar Capital Partners
Company type | Private |
---|---|
Industry | Private equity |
Founded | 1988 |
Headquarters | New York City, New York, United States |
Services | Leveraged buyout |
Website | www |
Vestar Capital Partners is an American private equity firm focusing on leveraged buyout transactions in middle-market companies in the United States.
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.
- 1988 - Vestar Capital Partners ($35 million - Fully invested and liquidated)
- 1993 - Vestar Capital Partners II ($260 million - Fully invested and 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 - Fully invested)
- 2019 - Vestar Capital Partners VII ($1.1 billion - Currently investing)
References
- ^ "Merck Subsidiary Takes Majority Stake in Vestar-Backed StayWell". Wall Street Journal. 11 July 2016. Retrieved 13 January 2024.
- ^ Vestar-Led Group In M&H Buyout. New York Times, August 12, 1988
- ^ Lim, Dawn (21 March 2017). "Vestar Targets $1 Billion for Latest Fund". Wall Street Journal. Retrieved 13 January 2024.
- ^ Or, Amy (26 August 2013). "Dig In: Vestar Acquiring Majority Interest in Roland Foods". Wall Street Journal. Retrieved 13 January 2024.
- ^ Halzack, Sarah (25 August 2023). "ISS to be acquired by Vestar Capital Partners for $364 million". Washington Post. Retrieved 13 January 2024.
External links
- Vestar Capital Partners (company website)