TSG Consumer Partners

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TSG Consumer Partners
Company typePrivate
IndustryPrivate equity, Consumer products
PredecessorThe Shansby Group
Founded1987
HeadquartersTransamerica Pyramid
San Francisco, California, United States
Key people
Charles H. Esserman (Chief Executive Officer and Co-Founder),[1] Jamie O'Hara (President),[2] Hadley Mullin (Senior Managing Director),[3] Brian Krumrei, Pierre LeComte, Jennifer Baxter Moser,[4] Blythe Jack,[5] and Colin Welch (Managing Directors[6]
ProductsGrowth capital focused on consumer brands
Total assetsUS$5 billion [7]
Number of employees
25+
Websitewww.tsgconsumer.com

TSG Consumer Partners is an American private equity company, one of the largest and oldest private equity firms primarily focused on growth capital investments in middle-market companies in the branded consumer products sector. The firm, founded in 1987, was among the first private equity firms to invest exclusively in consumer product companies.[8]

Investments

TSG has used growth equity in a number of categories, including natural and organic foods, functional food and beverages, ethnic food and refrigerated entrées, orphan brands in personal care and household lines, apparel and accessories and pet care products.[9]

Among TSG's most notable historic investments are well-known brands such as Famous Amos Cookies, Prestige Brands, Energy Brands (Vitamin Water), Voss, Pureology, Met-Rx, Smart Balance, Arrowhead Mills and Popchips.

History

The Shansby Group logo in use prior to 2005

The firm was founded in 1987 as the Montgomery Consumer Fund, a partnership with an initial equity interest from Montgomery Securities. In 1988 the firm's founders, J. Gary Shansby and Charles H. Esserman, repurchased Montgomery Securities' interest and renamed the company The Shansby Group. [10] The firm changed its name to TSG Consumer Partners in 2005 when Esserman became CEO. Shansby left the firm in 2005 to focus on philanthropic projects as well as health issues.[8]

The firm has been noted as an anomaly in the private equity industry for its high percentage of female employees – 50 percent of the firm’s employees are women, compared to 13.7% of private equity professionals in North America.[11] In its most recent fund, TSG reported a net return of 50 percent, more than double the industry average. [12]

Funds

TSG closed its sixth fund, TSG6, in November 2011 with $1.3 billion. The seventh fund in the sequence, TSG7A and TSG7B, closed in November 2015 with $2.5 billion.[13][14] The firm has approximately $5 billion in equity capital under management as of December 2015.[7]

References

  1. ^ "Charles "Chuck" Esserman". Bloomberg Profiles. Bloomberg. Retrieved 3 June 2016.
  2. ^ Calvey, Mark (27 March 2012). "TSG Consumer Partners names O'Hara president". San Francisco Business Times. Retrieved 3 June 2016.
  3. ^ "TSG Promotes Hadley Mullin to Senior Managing Director". The Wall Street Journal. 30 September 2014. Retrieved 3 June 2016.,
  4. ^ "Jennifer "Jenny" Moser". Bloomberg Profiles. Bloomberg. Retrieved 3 June 2016.
  5. ^ "Blythe Jack". Bloomberg. Bloomberg. Retrieved 3 June 2016.
  6. ^ Young, Vicki M. (16 April 2016). "Colin Welch Heads to TSG Consumer Partners". Women's Wear Daily. Retrieved 3 June 2016.
  7. ^ a b Picker, Leslie (8 December 2015). "Pursuing Gender Equality as a Competitive Advantage". The New York Times. Retrieved 30 April 2016. {{cite web}}: Cite has empty unknown parameter: |coauthors= (help)
  8. ^ a b Shansby made money rescuing and nurturing orphan brands. San Francisco Business Times, February 28, 2010
  9. ^ Peter Sinton (January 28, 1998). "Shansby Group Grows Healthy On Odd Mix". San Francisco Chronicle.
  10. ^ Renamed Shansby Fund To Cut Montgomery Tie. New York Times, October 24, 1988
  11. ^ Picker, Leslie (3 December 2015). "Pursuing Gender Equality as a Competitive Advantage". The New York Times DealBook. Retrieved 3 June 2016.
  12. ^ Picker, Leslie (3 December 2015). "Pursuing Gender Equality as a Competitive Advantage". The New York Times DealBook. Retrieved 16 June 2016.
  13. ^ Dorbian, Iris. "TSG racks up $2.5 bln for two consumer funds". The PE Hub Network. Retrieved 2 May 2016.
  14. ^ "TSG closes TSG7 A and TSG7 B with $2.5B in total committed capital". Pitch Book. 9 December 2015. Retrieved 2 May 2016.

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