TSG Consumer Partners (TSG) has promoted Erik Johnson and Ed Wong to managing director. Both Mr. Johnson and Mr. Wong are based in New York.
“Erik and Ed have been an integral part of our firm for the past decade,” said Jamie O’Hara, the president of TSG. “Each of their significant consumer and retail experience and investment acumen has played a substantial role in TSG’s success and the growth of our partner companies. We look forward to seeing them make even more meaningful contributions in the years to come.”
Mr. Johnson joined TSG in 2011 and is active with new investment opportunities and leading the firm’s environmental, social, and governance (ESG) strategy. Mr. Johnson also oversees TSG’s investments in BrewDog, Huda Beauty, Joe Hudson’s Collision Centers and SweetWater Brewing Company. Prior to joining TSG, he was an investment banker at New York-based Sawaya Partners. Mr. Johnson has his undergraduate degree in economics from Vanderbilt University.
Mr. Wong has been a part of TSG since 2011 and is involved in reviewing and executing new investments and overseeing current portfolio companies including Pathway Vet Alliance, Power Stop, Revolution Beauty and CorePower Yoga. Before joining TSG, he was with Falconhead Capital where he was active in the consumer, retail, and media sectors. Mr. Wong has his undergraduate degree from the University of Michigan.
San Francisco-based TSG invests from $200 million to $800 million of equity in high-growth, branded consumer companies. Sectors of specific interest include beauty, fitness and outdoor, food and beverage, personal care, household, lifestyle, pet, restaurant, and retail. In January 2019, the firm closed its eighth fund with an oversubscribed $4 billion of limited partner capital commitments.
In April 2020, TSG acquired a majority stake in Pathway Vet Alliance from Morgan Stanley Capital Partners at an enterprise valuation estimated of more than $2 billion. Austin-based Pathway Vet operates over 270 general, specialty and emergency practice locations, over 85 THRIVE practices (providers of routine and lower cost vet care), and Veterinary Growth Partners, a provider of management services to over 5,500 affiliated and unaffiliated veterinary practices.
Private Equity Professional | June 12, 2020