Investment Summary

TCG Invests In Food52

On September 30, 2019, private equity firm TCG invested in consumer products company Food52

Investment Highlights
  • This is TCG’s 1st transaction in the Consumer Products sector.
  • This is TCG’s 5th transaction in the United States.
  • This is TCG’s 2nd transaction in New York.

Investment Summary

Date 2019-09-30
Target Food52
Sector Consumer Products
Investor(s) TCG
Deal Type Growth Capital
Advisor(s) Lowenstein Sandler (Legal)

Target

Food52

New York, New York, United States
Food52 is an innovator in the food, cooking, and home space. From the beginning, the brand challenged the models of traditional media companies and retailers, combining content, commerce, and community around the belief that the kitchen is the heart of the home and food is the center of a well-lived life. Food52 was founded in 2009 and is based in New York City.

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Investor(S) 1

Investor
DESCRIPTION

TCG (The Chernin Group) is a private investment firm focused on majority and minority investments in growing consumer businesses. Specific areas of interest include digital media, commerce, marketplaces, sports, gaming, consumer finance, and health/wellness. The Firm is a long-term investor and looks to work alongside companies to help build lasting value. TCG was originally formed in 2010 and is headquartered in Playa Vista, California.


DEAL STATS #
Overall 5 of 15
Sector: Consumer Products M&A 1 of 4
Type: Growth Capital M&A Deals 1 of 8
State: New York M&A 2 of 2
Country: United States M&A 5 of 15
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 MeatEater

Bozeman, Montana, United States

MeatEater is an outdoor lifestyle media and commerce company. MeatEater brings together the leading influencers in the categories of fishing, hunting, wild foods, and conservation to create good content and experiences and provide unique apparel and equipment. MeatEater is based in Bozeman, Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Exploding Kittens

Beverly Hills, California, United States

Exploding Kittens is a tabletop game company. Exploding Kittens was founded in 2015 and is based in Beverly Hills, California.

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