TSG Consumer Partners has announced the promotions of three individuals. Daniel Costello, previously a vice president, was named a senior vice president, and Karen Hart and Michael Layman both advanced from senior associates to vice presidents.

TSG Consumer Partners has taken a minority stake in My Fit Foods. Financial terms were not announced. Houston-based My Fit Foods is a retail outlet that provides fresh, healthy foods at affordable prices.

Alterna Haircare, which is backed by TSG Consumer Partners, said Tuesday that Katie Holmes has invested in the company. Alterna did not disclose how much Holmes invested or how big of a stake she has. Alterna provides “luxury” haircare products such as anti-frizz conditioners and shampoos.

TSG Consumer Partners has promoted Blythe Jack and Robyn Lawrie Rutledge to managing directors and partners. Both had previously been principals in the firm, a strategic equity investor in high-growth consumer brands.

Darden Restaurants agrees to buy Yard House from TSG Consumer for $585 million.

TSG Consumer Partners has promoted Brian Krumrei to managing director and Jenny Baxter to principal. TSG Consumer Partners has over $2.9 billion in funds under management, focused exclusively on the branded consumer sector. PRESS RELEASE TSG Consumer Partners LLC announced today the promotion of Brian Krumrei to Managing Director and Jenny Baxter to Principal. “We [...]

TSG Consumer has taken a minority stake in Rebecca Minkoff, the designer known for her “Morning After Handbag.”

With your coffee this morning click on First Read to find out about Facebook’s IPO banking fees, Franklin Templeton’s new fund targeting emerging markets and whether the European IPO drought is finally over.

New York-based jewelry designer Alexis Bittar has entered into a partnership with private equity firm TSG Consumer Partners. The firm is investing an undisclosed amount into Alexis Bittar. Terms were not released.

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