TSG Consumer Partners

File:Shansby Group logo.png

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.

[https://www.nytimes.com/1988/10/24/business/renamed-shansby-fund-to-cut-montgomery-tie.html Renamed Shansby Fund To Cut Montgomery Tie]. New York Times, October 24, 1988 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.{{cite web| url=https://www.bizjournals.com/sanfrancisco/blog/2012/03/tsg-consumer-partners-private-equity.html| title=TSG Consumer Partners names O'Hara president|publisher=San Francisco Business Times|date= March 27, 2012}}

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.{{cite news|last1=Picker|first1=Leslie|title=Pursuing Gender Equality as a Competitive Advantage|url=https://www.nytimes.com/2015/12/09/business/dealbook/pursuing-gender-equality-as-a-competitive-advantage.html|accessdate=3 June 2016|publisher=The New York Times DealBook|date=3 December 2015}} 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.{{cite web| url=https://www.ft.com/content/91b401c8-4e20-11e9-b401-8d9ef1626294 | title=TSG Consumer expands in Europe after raising $4bn fund|publisher=Financial Times|date=March 24, 2019}}

The firm is one of the largest and oldest private equity firms primarily focused on growth capital investments in early-stage and well-established consumer companies.{{cite web| url=https://www.wsj.com/articles/tsg-casts-larger-net-across-wider-range-to-catch-consumer-brands-11555151309| title=TSG Casts Larger Net Across Wider Range to Catch Consumer Brands |publisher=The Wall Street Journal|date=April 13, 2019}}

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, and Duckhorn.{{Cite web |date=June 29, 2021 |title=TSG Consumer Partners to Acquire Rough Country From Gridiron Capital |url=https://www.businesswire.com/news/home/20210629005447/en/TSG-Consumer-Partners-to-Acquire-Rough-Country-From-Gridiron-Capital |url-status=live |archive-url=https://web.archive.org/web/20220818012748/https://www.businesswire.com/news/home/20210629005447/en/TSG-Consumer-Partners-to-Acquire-Rough-Country-From-Gridiron-Capital |archive-date=18 August 2022 |access-date=30 April 2023 |website=Business Wire, a Berkshire Hathaway company}}

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.{{cite news|last1=Dorbian|first1=Iris|title=TSG racks up $2.5 bln for two consumer funds|url=https://www.pehub.com/2015/12/tsg-racks-up-2-5-bln-for-two-consumer-funds/|accessdate=2 May 2016|publisher=The PE Hub Network}}{{cite news|title=TSG closes TSG7 A and TSG7 B with $2.5B in total committed capital|url=http://pitchbook.com/newsletter/tsg-closes-tsg7-a-and-tsg7-b-with-25b-in-total-committed-capital|accessdate=2 May 2016|publisher=Pitch Book|date=9 December 2015}}

The firm closed its eighth fund, TSG8 LP, in February 2019 with $4 billion.{{cite web| url=https://www.wsj.com/articles/tsg-raises-4-billion-for-largest-fund-yet-11549320515 | title=TSG Raises $4 Billion for Largest Fund Yet|publisher=The Wall Street Journal|date=February 4, 2019}} The firm has approximately $10 billion in equity capital under management as of December 2020.{{cite web| url=https://www.bloomberg.com/press-releases/2020-12-23/tsg-consumer-partners-announces-promotions | title=TSG Consumer Partners Announces Promotions |publisher=Bloomberg |date=December 23, 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.

{{reflist|30em}}

• [http://www.tsgconsumer.com TSG Consumer Partners] (company website)

{{private equity firms}}

Category:Financial services companies established in 1987

Category:Private equity firms of the United States

Category:Privately held companies based in California

Category:American companies established in 1987