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Vestar Capital Partners

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Vestar Capital Partners
Company typeLimited liability company
IndustryPrivate Equity
Founded1988
FounderRobert Rosner, Daniel O'Connell, James P. Kelley, Norman Alpert, Sander Levy, Arthur Nagle
HeadquartersNew York, New York, United States
Key people
Daisuke Saji, Federico Peña, John D. Howard (former),
ProductsPrivate equity funds, Leveraged buyouts
Total assets$7 billion
Number of employees
3,000+ (portfolio)
Websitewww.vestarcapital.com

Vestar Capital Partners LLC is an international private equity firm that focuses on leveraged buyout transactions in the United States, Asia and Europe (Paris, Milan, Munich). About Us

The firm, which was founded in 1988 is headquartered in New York City with offices in Boston, Massachusetts, Denver, Colorado in the US as well as Paris, Milan, Munich and Tokyo.

In the firm's portfolio of companies, over 3,000 people are employed worldwide.

History

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 Rosner, James P. Kelley, Norman Alpert, Sander Levy and Arthur Nagle are still with the firm.

The company was created in order to focus on long term leveraged buyouts instead of quickly flipping bonds or securities. In fact, only 65 transactions have been completed by Vestar in its 20 year history.[1][2] However, these 65 transactions have involved some $17 billion. (See Vestar Portofolio: Vestar Capital Partners Portfolio

Today, key executives at Vestar include Robert Rosner (President of Vestar), Daniel O'Connell (CEO), James P. Kelley (President of Vestar USA) and Daisuke Saji (President of Vestar Japan).

Investment funds

Since its inception in 1998, Vestar has raised five private equity funds with total investor commitments of approximately $7.3 billion. Of these five funds the first two have been fully invested and liquidated and as of 2008, Vestar V was currently being invested and Vestar IV was more than 90% invested:

  • 1988 - Vestar Capital Partners (Liquidated)
  • 1993 - Vestar Capital Partners II ($260 million - Liquidated)
  • 1997 - Vestar Capital Partners III ($803 million - Fully invested)
  • 1999 - Vestar Capital Partners IV ($2.48 billion)
  • 2005 - Vestar Capital Partners V ($3.7 billion)

Famous Deals

Over the past 20 years, Vestar Capital Partners has fulfilled some 65+ transactions, including some of the best-known brands in the fabric care industry, All, Wisk, Surf, Snuggle and Sunlight, and the nation's leading private label brands under the umbrella company Sun Products Corporation Sun Products, the recognized frozen food company Birds Eye Foods Birds Eye Foods by Vestar and the leading global supplier of electronic materials to the fast-growing flat screen TV system AZ Electronic Materials AZ by Vestar.

European deals include Sab Wabco the design, manufacture and marketing specialist of brake systems, wheels and couplings for the global railway industry Sab Wabco , the global integrated content and marketing service provider in the healthcare and pharmaceutical industries MediMedia MediMedia, and the world leader in the insulation market Seves Seves . Vestar Europe has also been commended for its investments in OGF, the European leader in funeral service. OGF by Vestar

Portfolio

  • AZ Electronic Materials
  • CCS Corporation
  • MediMedia USA, Inc.
  • National Mentor Holdings, Inc.
  • Nybron Flooring International
  • Paris Re
  • Press Ganey Associates, Inc.
  • Radiation Therapy Services, Inc.
  • Seves S.p.A.
  • Sun Products Corporation
  • Argo-Tech Corporation
  • Birds Eye Foods, Inc.
  • Border Media Partners, LLC
  • Duff & Phelps
  • DynaVox Systems, LLC
  • Essent Healthcare, Inc.
  • Fiorucci S.p.A.
  • FL Selenia S.p.A.
  • Gleason Corporation
  • Joerns Healthcare
  • MCG Capital Corporation
  • Michael Foods, Inc.
  • Montpelier Re Holdings, Ltd.
  • Nybron Flooring International
  • OGF Group
  • SAB Wabco Group AB
  • Solo Cup Company
  • Sunrise Medical, Inc.
  • Symetra Financial Corporation
  • Validus Re, Ltd.
  • Valor Communications Group, LLC
  • Wilton Re Holdings, Ltd.
  • ZML Industries S.p.A.
  • Advanced Organics, Inc.
  • Consolidated Container Company
  • Gold Toe Corporation
  • Insight Communications Company
  • Russell-Stanley Holdings, Inc.
  • Sheridan Healthcare, Inc.
  • Siegel+Gale Holdings, Inc.
  • St. John Knits, Inc.
  • Sun Apparel, Inc.
  • TransMontaigne, Inc.
  • Valor Communications Group, LLC
  • Aearo Corporation
  • Anvil Knitwear, Inc.
  • Clark-Schwebel, Inc.
  • Pinnacle Automation, Inc.
  • Prestone Products Corporation
  • Pyramid Communications, Inc.
  • RedPrairie Corporation
  • Remington Products Corporation
  • Wabtec Corporation
  • Argo-Tech Corporation
  • Celestial Seasonings, Inc.
  • Consolidated Cigar Company
  • Hampshire Chemical Corporation
  • International AirParts Corporation
  • La Petite Academy, Inc.
  • MAG Aerospace Industries, Inc.
  • Perfect Fit Industries, Inc.
  • Russell-Stanley Holdings, Inc.
  • Super D Drugs Corporation
  • Wabtec Corporation

References

  1. ^ Cite error: The named reference Vestar was invoked but never defined (see the help page).
  2. ^ "Vestar Capital Partners", http://www.hoovers.com/vestar-capital-partners/--ID__56734--/free-co-competitors.xhtml, 8/27/08


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