TSG Consumer to Sell Yard House to Darden Restaurants

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 […]

TSG Capital Promotes Four

TSG Capital Partners has made several promotions: Pierre LeComte to managing director, Brian Krumrei and Robyn Lawrie Rutledge to principal and Jenny Baxter to vice president.

John Kenney Joins TSG Consumer Partners

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 Completes Meguiar’s Sale

TSG Consumer Partners has completed its sale of 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.

TSG Selling Meguiar’s

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 […]

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Tory Burch Reopens Stake Sale Process

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.

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