Peter Baumgartner has joined Vestar Capital Partners as a Munich-based managing director of the firm’s Vestar Resources group, which provides advice and services to portfolio companies. He previously was a partner and managing director with Mercer/Oliver Wyman, where he most recently served as head of that firm’s Manufacturing, Transportation and Energy division.
Vestar Capital Partners today announced the addition of Peter Baumgartner as Managing Director of Vestar Resources, the firm’s team of seasoned professionals who serve as strategic, operational, and organizational advisors for the private equity firm’s portfolio company management teams. Based in Vestar’s Munich office, Mr. Baumgartner’s arrival reinforces Vestar’s commitment to expand its Resources team throughout the firm’s international geographies. Mr. Baumgartner will focus on assisting existing and future companies in Vestar’s European investment portfolio.
Mr. Baumgartner brings to Vestar 27 years experience in management consulting, concentrating in the manufacturing and diversified industries sector, most recently as Partner and Managing Director at Mercer/Oliver Wyman. During his fifteen-year career at Mercer, Mr. Baumgartner headed the Central European office, ran both the Global Manufacturing/Automotive and Talent Management/Marketing units, and was most recently the head of the Manufacturing, Transportation and Energy Division which is comprised of 130 partners in 25 offices. Mr. Baumgartner was responsible for leading change within Mercer which moved the company from a geography-based to a global industrial vertical organization. He also led three acquisitions and integrations and was responsible for the hiring and development of many of their current successful partners and leaders.
Kevin Mundt, a Vestar Managing Director and President of Vestar Resources team said, “Peter’s exceptional experience and proven advisory capabilities will strengthen our team globally and in Europe specifically. His proven track record over the past two decades advising European management teams to successfully improve their strategy, operations, and financial results is an important addition to our already strong team in Europe. The continued commitment to building the capabilities of our Resources team is a key part of Vestar’s strategy to create value for our investors.”
Robert Rosner, President of Vestar Capital Partners Europe added, “Peter will be involved immediately in some of our most important investments in Europe, and we are thrilled to have him as part of our team. He has an outstanding record of working alongside management teams in diverse industries and across Europe to help them position their businesses for growth and value creation.”
About Vestar Capital Partners
Vestar Capital Partners is a leading international private equity firm. The firm’s investment strategy is targeted towards companies in the U.S., Europe and Japan with valuations in the $100 million to $5 billion range. Since the firm’s founding in 1988, the Vestar funds have completed over 65 investments in companies with a total value of over $30 billion. These companies have varied in size and geography and span a broad range of industries. The firm’s strategy is to invest behind incumbent management teams, family owners or corporations in a creative, flexible and entrepreneurial way with the overriding goal to build long-term franchise value. Vestar currently manages funds with committed capital totaling approximately $7 billion and has offices or affiliates operating in New York, Denver, Boston, Paris, Milan, Munich and Tokyo. More information about Vestar is available at http://www.vestarcapital.com.