According to a written statement, TSG Consumer Partners, a San Francisco-based private equity firm focused exclusively on the consumer sector, has closed its sixth fund, TSG6 L.P., at $1.3bn.
Founded in 1987 and led by CEO Charles “Chuck” Esserman, TSG Consumer Partners focuses on investments in middle-market consumer companies active in the food, beverage, personal care and household products sectors.
The firm typically makes minority investments of $15m/$100m in US companies with sales of $20m/$300m, which are well-established and not typically subject to the risks associated with economic cycles and technological obsolescence.
Past and present backed companies include Famous Amos, Terra Chips, Arrowhead Mills, MET-Rx Nutrition, Mauna Loa, Glaceau vitaminwater, Smart Balance Foods, PureOlogy, Smashbox Cosmetics, e.l.f. Cosmetics, Perricone MD, CytoSport (Muscle Milk) and Yard House.
TSG’s Managing Directors include Jamie O’Hara, John M. Kenney, Pierre LeComte, M. Hadley Mullin, and Alexander S. Panos as well as Mr. Esserman.