Vestar Capital Partners has appointed Susumu Sekihata as a director of Vestar Japan Advisers, an affiliate the US private equity firm established in July last year.
The native Japanese returned to Tokyo from Red Diamond Capital, a US mid-market buyout affiliate of Mitsubishi Corporation in New York, where Sekihata had been living for the past 8 years.
Sekihata was a vice president and founding member of Red Diamond which was established in 2002. Before Red Diamond, Sekihata had held various positions within Mitsubishi in the US and Japan. His career at the Japanese conglomerate began in 1991.
Daniel O’Connell, founder and chief executive officer of Vestar Capital, said Sekihata’s “skills as a proven buyout professional, combined with his deep understanding of Japanese culture and business practices, will be an invaluable asset to Vestar Japan.”
Sekihata’s appointment follows that of Takuro Ueji, a vice-president and Teppei Kawai, an associate at the start of the year. They joined a senior team of four headed by John Woodard, the chairman for Vestar Asia, which was assembled last year after the Tokyo office was set up.
The team will be investing from a $3.7 billion global fund Vestar Capital Partners V.