Topspin Consumer Partners, a Mamaroneck, N.Y.-based operationally-driven private equity firm focused on the consumer sector, closed Topspin Consumer Partners II, at $205m.
The fund received support from existing investors combined with significant new commitments from a diverse base of new institutional limited partners including funds of funds, global asset managers and family offices.
Consistent with its predecessor fund, TCP II will seek to partner with founder-owners and top management teams to make investments of $15 million to $35 million in lower middle market growth-oriented consumer products and services companies.
Led by Leigh Randall, Managing Partner, Topspin is focused on branded consumer “essentials” that are capturing market share within established niches and can leverage digital marketing and e-commerce platforms to drive growth. The firm invests with founders and teams who are looking to continue the transformation of their businesses into leading middle market companies and works collaboratively with them to implement operational best practices, upgrade product development processes and capabilities, and enhance sales, distribution and marketing strategies.
Topspin invests across a number of sub-verticals within consumer, including health & wellness, personal care/beauty, food/beverage, household goods, pet, and children’s products.
To date, the firm has already closed three platform investments and three add-on investments in the new fund.
FinSMEs
17/06/2021