John Veronis is leaving Veronis Suhler Stevenson, the influential
media industry private-equity firm he co-founded with John Suhler.
Veronis, who has been chairman and co-CEO, redeemed his
equity interests in the firm, but will fulfill his existing investment
commitments to VSS funds, as well as other funds in which he is a
limited partner. To date, VSS has managed six private-equity funds:
four equity buyout funds and two structured capital mezzanine debt
funds with capital committed exceeding $3 billion.
Jeffrey Stevenson, who joined the firm in 1982, will continue to serve
as the managing partner of VSS and its sponsored funds. John Suhler,
who co-founded the firm with Veronis, continues as founding partner
and president and will remain involved in the oversight and strategic
direction of VSS. --Joe Mandese