Vestar promotes two

The New York-based private equity firm has made Peter Calamari a principal and promoted CFO Brendan Spillane.

New York-based private equity firm Vestar Capital Partners has promoted Peter Calamari to principal and Brendan Spillane to corporate chief financial officer and executive vice president.

Calamari, now a consumer group principal in the Denver, Colorado office, has been with Vestar Capital since 1999. He was previously a vice president in the same group. Prior to joining Vestar, Calamari worked in mergers and acquisitions at Merrill Lynch investment banking.

Spillane is based in Vestar’s New York office. He joined Vestar in 2006 from Schroder Ventures affiliate SV Investment Partners where he was CFO. He was previously CFO of investment adviser Schafer Capital Management where he worked after departing the audit group on Price Waterhouse.

Vestar has $7 billion (€4.7 billion) in assets under management for investments in the US, Europe and Asia. Fund V closed in 2005 on $3.65 billion and $2.5 billion Fund IV which closed in 1999 is now 93 percent invested.

Vestar was founded in 1988 when seven principals of The First Boston Corporation’s management buyout group spun out to form the firm.