Phil Seskin has joined Avista Capital Partners as an Industry Executive in the firm’s communications vertical. In connection with his new role, Mr. Seskin has joined the Board of Directors of DataBank Holdings, an Avista portfolio company that provides enterprise-class managed data center space and services.
Mr. Seskin was most recently Senior Vice President of Corporate Development at Verizon Communications. During more than two decades at Verizon, Mr. Seskin was active in building new companies and creating shareholder value through mergers, acquisitions, joint ventures, organic investment, operating initiatives, and divestitures, totaling over $150 billion in the United States, Europe, Latin America and Asia. Prior to his role as Senior Vice President of Corporate Development, he held a number of positions at Verizon, including Vice President, Corporate Development; Managing Director, Mergers and Acquisitions; and Managing Director, Financing Planning and Investment Analysis. He also led Verizon Strategic Investments, the company’s venture capital operation.
“We are thrilled to welcome Phil to Avista. In addition to a deep financial and transactional background, from his time at Verizon he brings a uniquely broad communications perspective, including expertise in enterprise fiber, datacenters/managed services, wireless and cable. I am confident he will be a great fit with our team and a key contributor to the success of our growing communications & media portfolio,” said Thompson Dean, Co-Managing Partner and Chief Executive Officer of Avista.
Avista Capital Partners, with over $4 billion under management, makes control or influential minority investments in growth-oriented energy, healthcare, communications & media, industrials, and consumer businesses. The firm was founded in 2005 and is based in New York with offices in Houston and London (www.avistacap.com).
“I am delighted to be joining Avista. This new role will allow me to apply my experience at Verizon in a vibrant new context. I look forward to working with the firm’s investment professionals and management teams to identify and execute attractive new deals, while optimizing operations within our existing portfolio,” said Mr. Seskin.
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-9-12