Vestar Capital Partners related stories
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Vestar replaces Levy on financial servicesSander Levy, who had headed up Vestar’s financial services practice, left the firm two months ago and has formed his own firm called Bridge Growth Partners.
- Vestar closes Fund VI well below target
Launched in 2010, Fund VI’s original goal was $3.5bn, but the fundraising proved challenging, forcing the firm to reduce its ambitions and shrink its organisation as a result.
- Platte River Equity names Whalen as managing director
Platte River Equity said Thursday that it has named Kris Whalen as managing director. Previously, Whalen worked at Vestar Capital Partners where he served as a managing director and co-head of diversified industries. Based in Denver, Colorado, Platte River Equity is a lower middle-market private equity firm. Update: Whalen is originally from Toronto, Ontario.
- LP Scorecard: HIG is Hot, J.C. Flowers Is Not for University of California
HIG Capital IV, a 2006 vintage buyout fund that raised $750 million, holds the top spot of the University of California’s buyout-related vehicles, according to data released for year-end 2012 by the university. Not faring so well from that vintage year is J.C. Flowers II LP, which comes at the bottom of the list of buyout performers.
- Vestar Capital Partners Buys Majority Stake in Roland Foods
Vestar Capital Partners has inked an agreement to acquire a majority stake in Roland Foods. No financial terms were disclosed. The deal is expected to close by the end of September. Wells Fargo Securities served as M&A advisor to Vestar in this transaction while Evercore Partners advised Roland Foods. BMO Capital Markets and GE Capital Markets provided the financing for the transaction. And, although Roland Foods' CEO and Chairman Charlie Scheidt will continue, the company does expect that a new CEO will be named next year. Based in New York City, Roland Foods is an importer of specialty food products.
Ten Hot Stories: Jobs at Blackstone and Dell Ventures, New Fundraiser with Obama Ties, Snowden's Impact on PETrending on peHUB this week: Blackstone, Dell Ventures, Vistria Group, Catterton Partners, CorePower Yoga, Snowden, PE fundraising, Vestar Capital Partners, Thoma Bravo, Intuit Financial Services, Irving Place, Oaktree, Carlyle, KarpReilly, Roark Capital, Miller's Ale House, Two Sigma Ventures, Vicente Capital Partners.
- Vestar Capital Partners Names Alpert and Rosner as Co-Presidents
Vestar Capital Partners, a middle-market private equity firm, said on Monday that it has named Norman W. Alpert and Robert L. Rosner as co-presidents, effective immediately. Both Alpert and Rosner are managing directors and founding partners at Vestar. Also, Vestar has closed its sixth private equity fund, Vestar Capital Partners VI, with commitments of $804 million.
Who's Selling? Buzz Builds Around Year 2007 Tech, Healthcare DealsAn estimated two-thirds of buyout-backed tech and health care acquisitions from the go-go year of 2007 are still held in portfolios, making them prime opportunities to exit for financial sponsors with cash-hungry limited partners.
- LP Scorecard: Top, Bottom MassPRIM Mid-Market Funds
The usual mid-market suspect comes top of this week’s scorecard looking at the top performers of the $49 billion Massachusetts Pension Reserves Investment Management Board private equity portfolio as of September 30, 2012. The scorecard also highlights the bottom five performers of this sub-set, which interestingly also includes this week’s top performer.