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
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