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.
“The recognition of the contributions of all three – Dan, Karen and Mike – is not only well deserved but also a reflection of the talented and experienced team of people we have advising and assisting in the identification, development and growth of our partner companies,” said James O’Hara, TSG President.
Mr. Costello is involved in originating, structuring and the due diligence of new investment opportunities. He was previously with Wachovia Securities, where he advised consumer and retail clients across a variety of transactions including mergers and acquisitions and debt and equity financings. He graduated with a BS in Finance from Miami University.
Ms. Hart is involved in new deal origination and diligence. Prior to joining TSG, she was an investment banker with Goldman Sachs in Hong Kong and New York, where she advised private equity and corporate clients on M&A, and financing and risk management transactions. She received a BA degree in Religion from Dartmouth College, and an MBA from the Stanford University Graduate School of Business.
Mr. Layman is involved in new deal origination and diligence. He was previously with Jefferies & Company and Wachovia Securities, where he was an investment banker serving both consumer and retail clients on a variety of transactions. He graduated with a BS in Accounting from Arizona State University.
TSG Consumer Partners makes control and non-control investments of $15 million to $100 million in companies with EBITDAs of $3 million to $50 million where there is an opportunity to enhance value by extending brand, expanding distribution and/or improving operations. Since its founding in 1987, TSG has been an active investor in the food, beverage, restaurant, beauty, personal care, household and apparel & accessories sectors. The firm has $2.9 billion in equity capital under management and is headquartered in San Francisco (www.tsgconsumer.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-6-13