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TSG Consumer Partners is an American private equity company based in
San Francisco Business Times, February 28, 2010 The firm also has offices in
The firm was founded in 1986 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.
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. In March 2012, Jamie O’Hara was named President at TSG and Hadley Mullin was named Senior Managing Director in September 2014.
The firm has been noted as an anomaly in the private equity industry for its high percentage of female employees: 50 percent of employees are women, compared to 13.7% of private equity professionals in North America. In its most recent fund, TSG reported a net return of 50 percent, more than double the industry average.
In March 2019, TSG opened an office in London, the firm’s first office outside the U.S.
TSG Consumer Partners
(company website) {{private equity firms Financial services companies established in 1987 Private equity firms of the United States Privately held companies based in California American companies established in 1987
San Francisco, California
San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...
. The firm was founded in 1986, and was among the first private equity firms to invest exclusively in consumer companies.Shansby made money rescuing and nurturing orphan brandsSan Francisco Business Times, February 28, 2010 The firm also has offices in
New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
, Stamford, Connecticut
Stamford () is a city in Fairfield County, Connecticut, United States, outside of New York City. It is the sixth-most populous city in New England. Stamford is also the largest city in the Western Connecticut Planning Region, Connecticut, Weste ...
, and London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
.
History
The firm was founded in 1986 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.
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. In March 2012, Jamie O’Hara was named President at TSG and Hadley Mullin was named Senior Managing Director in September 2014.
The firm has been noted as an anomaly in the private equity industry for its high percentage of female employees: 50 percent of employees are women, compared to 13.7% of private equity professionals in North America. In its most recent fund, TSG reported a net return of 50 percent, more than double the industry average.
In March 2019, TSG opened an office in London, the firm’s first office outside the U.S.
Investments
The firm is one of the largest and oldestprivate equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
firms primarily focused on growth capital
Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a minority interest, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets ...
investments in early-stage and well-established consumer companies.
TSG has invested across a number of consumer categories, including food and beverages, ecommerce, personal care, beauty, outdoor, automotive, pet care products and consumer technology.
Among TSG's most notable past and present investments are well-known companies such as Backcountry.com, Canyon Bicycles
Canyon Bicycles GmbH (abbr.: Canyon) is a German distributor and partly manufacturer of road bikes, mountain bikes, hybrid bikes, triathlon bikes and electric bicycle, e-bikes based in Koblenz, Germany.
History
In 1985, Roman Arnold and his br ...
, and Duckhorn.
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. The firm closed its eighth fund, TSG8 LP, in February 2019 with $4 billion. The firm has approximately $10 billion in equity capital under management as of December 2020. The firm closed its ninth fund, TSG9 LP, in January 2023 with $6 billion. The firm has approximately $20 billion in equity capital under management as of January 2023.References
External links
TSG Consumer Partners
(company website) {{private equity firms Financial services companies established in 1987 Private equity firms of the United States Privately held companies based in California American companies established in 1987