TowerBrook Capital Partners has acquired a majority interest in Vistage International, a for-profit peer-advisory membership organization of CEOs and business executives. Education Growth Partners co-invested with TowerBrook in this transaction.
“TowerBrook and Education Growth Partners both have a track record of success in helping grow the companies they invest in. I am confident that they understand and appreciate the distinct value Vistage provides to CEOs and other senior executives through our professionally-facilitated peer-advisory experience, and I am eager to work with both firms to help facilitate the next phase of Vistage’s growth and expansion,” said Rafael Pastor, CEO of Vistage.
Vistage International is a peer-advisory membership organization serving more than 16,000 CEOs and senior level executives in 15 countries. Vistage members participate in professionally-facilitated peer-advisory board meetings, receive one-to-one coaching, learn from expert speakers, and interact among a global network of business leaders from a broad range of industries. The company was founded in 1957 as TEC (The Executive Committee) and is based in San Diego (www.vistage.com).
“Vistage is a high-quality, market-leading business with a strong and loyal membership base and an excellent management team. We believe the company has tremendous potential, and we look forward to helping to grow this unique community of Chairs, members and speakers both in the U.S. and internationally,” said Brian Jacobsen, Managing Director of TowerBrook.
TowerBrook Capital Partners has $4.5 billion of capital under management and makes control investments in large and middle market companies located in North America and Europe. The firm has offices in New York, London, and San Francisco (www.towerbrook.com).
Education Growth Partners was founded in 2010 by education investors Peter Campbell and Christopher Curran. The firm makes investments of $5 million to $30 million in companies with at least $5 million of annual revenue in the Pre-K12, higher education, corporate training and lifelong learning sectors. Education Growth Partners has offices in Stamford, CT and Boston, MA (www.edgrowthpartners.com).
“The Vistage team has built an exceptional business and community. We are excited to partner with TowerBrook and Vistage management to continue to strengthen and grow the business and the community,” said Peter Campbell, Managing Partner of Education Growth Partners.
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-1-12
