Vestar Closes $1.2B Continuation Fund

Vestar Closes $1.2B Continuation Fund
Vestar Capital Partners

Vestar Capital Partners, a stalwart in the middle-market private equity landscape, has successfully closed a $1.2 billion single-asset continuation fund, as announced on Tuesday. Advised by the esteemed law firm Kirkland & Ellis LLP, the fund aims to bolster the firm’s ongoing investment in Circana, a leading market research company.

Pioneering Growth and Investment Strategies

Dan O’Connell, founder and CEO of Vestar, expressed his enthusiasm about the new fund: “We’re excited to reaffirm our support of Circana and its management team through this innovative transaction, which will provide important new committed capital for growth and investment.” O’Connell highlighted the dual benefit of the fund, offering existing investors a chance to liquidate their holdings at attractive returns or to roll their interests into the new vehicle, while also incorporating new investors into the Vestar family.

Vestar Closes $1.2B Continuation Fund : Lead Investors and Strategic Partnerships

The continuation fund saw significant backing from Blackstone Strategic Partners and HarbourVest Partners, both counseled respectively by Proskauer Rose LLP and Sidley Austin LLP. This strategic infusion of capital underscores the robust confidence in Circana’s future prospects and Vestar’s adept management.