Vestar Capital Partners said Jan. 23 that it promoted Nikhil Bhat to principal.
NEW YORK, NEW YORK – January 23, 2018 – Vestar Capital Partners, a leading U.S. private equity firm, today announced the promotion of Nikhil Bhat to Principal.
“Today’s announcement is a recognition of Nikhil’s important contributions to our firm,” said Rob Rosner, Co-President of Vestar and a founding partner of the firm as well as Head of the Business Services & Industrial Products group. “He has delivered an exceptionally strong performance to our business services and industrial products team, participating in recent transactions such as the sale of ISS and our investment in Edward Don, among others.”
Mr. Bhat is a member of Vestar’s Business Services & Industrial Products group. He joined the firm as a Senior Associate in 2014, and was promoted to Vice President in 2016. He previously worked on the Industrials team at Advent International, where he focused on private equity investments in the building products, capital equipment, and distribution sectors. He began his career as a consultant at Bain & Company.
Mr. Bhat holds a BS degree in Economics, magna cum laude, from the Wharton School of the University of Pennsylvania. He earned his MBA from the Stanford Graduate School of Business, where he graduated with distinction as an Arjay Miller Scholar.
Approximately half of Vestar’s investments over time have been in the Business Services and Industrial Products sectors, including business services companies such as Institutional Shareholder Services, Edward Don & Company, Presence Marketing, and Duff & Phelps; industrial and commercial products companies such as Mobile Technologies, Argo-Tech, Prestone, AZ Electronic Materials, and Wabtec; and industrial services companies such as Triton and Wilton Re.
About Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Consumer, Healthcare, and Business Services & Industrial Products. Since its founding in 1988, Vestar funds have completed more than 80 investments in companies – as well as more than 200 add-on acquisitions – with a total value of approximately $50 billion. For more information, please visit www.vestarcapital.com.