TSG Consumer Partners said late Thursday that it has agreed to sell Yard House USA to Darden Restaurants. The deal is valued at $585 million. Irvine, Calif.-based Yard House is a bar and grill operator with more than 39 restaurants spread across 13 states, according to press reports. Darden owns the Olive Garden and Red [...]
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John Kenney has joined TSG Consumer Partners as a partner and managing director. He previously was with AEA Investors as co-head of the firm’s consumer product and retail investment practice. PRESS RELEASE TSG Consumer Partners LLC (“TSG”), a private equity firm and leading investor in branded consumer products companies, has named John M. Kenney, [...]
TSG Consumer Partners has agreed to sell Meguiar’s Inc. to 3M for an undisclosed amount. Meguiar’s is an Irvine, Calif.–based provider of car-care products like waxes and polishes. PRESS RELEASE 3M announced today it has entered into an agreement to acquire Meguiar’s Inc., the 100-year-old family business that manufactures the leading Meguiar’s brand [...]
Once a limited process, the stake sale of apparel maker Tory Burch has been opened to a wider pool of private equity bidders, peHUB has learned.
The company’s namesake, Tory Burch, and her ex-husband and business partner, Christopher Burch, had hired Goldman Sachs to shop the business, but disagreements over fees led the duo to move forward with Lehman Brothers as its sell-side adviser. (Goldman was connected to Christopher Burch; Lehman’s connections were with Tory Burch.)
Women’s Wear Daily reported in July that bidding for the 30% stake had been narrowed to Bear Stearns Merchant Banking and TSG Consumer Partners, though the sale hinged on the firms’ willingness to pay Tory Burch’s steep asking price.