History
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. Six of the seven original founders, including Daniel O'Connell, Robert L. Rosner, James P. Kelley, Sander Levy, Norman Alpert, and Arthur Nagle, are still with the firm. John D. Howard left to form Bear Stearns Merchant Banking.
In 2001, Vestar opened offices in Europe, in Milan (Italy) and Paris (France), which were followed by offices in Tokyo (Japan) in 2006 and Munich (Germany) in 2007 . Tokyo was closed in 2009, Milan in 2010 and Munich in 2011 and Paris in 2012 .
The firm targets companies in North America with valuations of $150 million to $1.5 billion in four industry sectors: Consumer, Diversified Industries, Healthcare, and Financial Services. Vestar invests and collaborates with incumbent management teams, family 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 69 investments in companies with a total value of more than $30 billion.
Read more about this topic: Vestar Capital Partners
Famous quotes containing the word history:
“The history of mankind interests us only as it exhibits a steady gain of truth and right, in the incessant conflict which it records between the material and the moral nature.”
—Ralph Waldo Emerson (1803–1882)
“Spain is an overflow of sombreness ... a strong and threatening tide of history meets you at the frontier.”
—Wyndham Lewis (1882–1957)
“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
—John Dos Passos (1896–1970)