TSG Consumer Partners, a strategic equity investor in high-growth consumer brands, has promoted Dan Costello and Michael Layman to Managing Directors.
Mr. Costello, who joined TSG in 2007, has been involved in conducting due diligence and overseeing new investment opportunities.
During his time at TSG, he has also worked with Yard House and Stumptown Coffee, among other portfolio companies.
Prior to joining TSG, Mr. Costello was with Wachovia Securities, where he advised consumer and retail clients across a variety of transactions including mergers and acquisitions and debt and equity financings.
Since joining TSG in 2009, Mr. Layman has worked with a number of TSG partner companies, including Planet Fitness and e.l.f. Cosmetics, among others.
He has also led diligence for new investment opportunities and helped oversee portfolio companies.
Before joining TSG, Mr. Layman was an investment banker with Jefferies & Company and Wachovia Securities, where he advised consumer and retail clients on a variety of transactions including mergers and acquisitions and debt and equity financings.
Based in San Francisco and NYC, TSG Consumer Partners is an investment firm with approximately $5 billion of assets under management, focused exclusively on food, beverage, restaurant, beauty, personal care, household and apparel & accessories, and e-commerce sectors. Representative past and present partner companies include Duckhorn Wine Company, vitaminwater, thinkThin, popchips, Muscle Milk, Yard House, Stumptown, Pabst, Planet Fitness, Revolve, Paige, Smashbox Cosmetics, Pureology, Sexy Hair, e.l.f. Cosmetics and IT Cosmetics.