Vestar Taps Alpert As Consumer Sector Head

Jan 17 2012 | 12:53pm ET

Private equity firm Vestar Capital Partners has tapped Norman W. Alpert as head of its consumer sector. Alpert replaces Brian Ratzen who has left Vestar for Pamplona Capital Management.

Alpert is a managing director and one of the founders of the firm and also serves on the executive committee. He was formerly a senior executive in the management buyout group of the First Boston Corporation. 

Alpert’s appointment was one of a number announced recently by Vestar, which has promoted Andrew J. Cavanna and Brian P. O’Connor to managing director, John B. Stephens to principal and David N. Kestnbaum to vice president.

Cavanna, a member of Vestar's healthcare team, joined the firm in 2006 from The Blackstone Group. Prior to Blackstone, he was a senior associate at JPMorgan Partners and an analyst in the leveraged finance group at Merrill Lynch.

O’Connor is a member of Vestar's consumer team. He joined Vestar in 2000 from DLJ Merchant Banking Partners, spending two years at the firm prior to attending business school, rejoining Vestar in 2004.

Stephens, a member of Vestar's consumer and diversified industries teams, joined the firm in 2006. Previously, he was a member of the leveraged finance group at Wachovia Securities, where he worked on consumer- and healthcare-related financings. Mr. Stephens also worked at L.E.K. Consulting.

Kestnbaum, a member of Vestar's consumer and diversified industries teams, joined the firm in 2006 from JPMorgan’s Financial Sponsor Group, where he executed a variety of private equity-related M&A and financing assignments.

“We believe these promotions are a well-deserved recognition of our team’s talent and performance. We are pleased to recognize the contributions of these individuals and we look forward to sharing the benefits of their efforts with our partners in the future,” said Dan O’Connell, founder and CEO of Vestar, in a statement.

O’Connell also thanked Ratzen for his contribution to Vestar and wished him well “in his new endeavor.”

Vestar, with $7 billion AUM, specializes in management buyouts and growth capital investments, targeting companies in North America with valuations of $250 million to $3 billion in four key industry sectors: consumer, diversified industries, healthcare and digital media, and financial services.

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