NY-based private equity firm Vestar Capital Partners has promoted its CFO and a member of its resources group to managing director, and has also promoted seven executives in its front office.
Evan Marks, who is currently a member of Vestar's resources group, and Brendan Spillane, who is Vestar’s corporate chief financial officer, were both promoted to managing director.
In the front office, Oussama Takla was promoted to managing director, and Garrick Bernstein has been promoted to principal. Fabrizio Gualdi, Gregor Hengst and John Stephens were all named new vice presidents. The promotions come a little more than a year after Vestar promoted three executives from principal to managing director: Chris Durbin, Brian Modesitt and Kristian Whalen.
Vestar has $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 closed in 1999. Vestar was founded in 1988 when seven principals of The First Boston Corporation’s management buyout group spun out to form the firm.