M&A Deal Summary

TSG Consumer Partners Acquires Cutex Brands

On December 11, 1998, private equity firm TSG Consumer Partners acquired consumer products company Cutex Brands for 30M USD

Acquisition Highlights
  • This is TSG Consumer Partners’ 2nd transaction in the Consumer Products sector.
  • This is TSG Consumer Partners’ 4th largest (disclosed) transaction.
  • This is TSG Consumer Partners’ 4th transaction in the United States.
  • This is TSG Consumer Partners’ 1st transaction in Missouri.
Investment Fate
  • Cutex Brands was divested to a consortium of buyers in 2010.
  • Cutex Brands was sold to a publicly-traded strategic buyer in 2016.

M&A Deal Summary

Date 1998-12-11
Target Cutex Brands
Sector Consumer Products
Buyer(s) TSG Consumer Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 30M USD

Target

Cutex Brands

Festus, Missouri, United States
website
Cutex Brands LLC is a producer of nail polish removers and nail treatments, sold through drug stores, mass merchandisers, supermarkets.

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Buyer(S) 1

Buyer

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.


DEAL STATS #
Overall 4 of 54
Sector (Consumer Products) 2 of 14
Type (Buyout (LBO, MBO, MBI)) 3 of 22
State (Missouri) 1 of 1
Country (United States) 4 of 49
Year (1998) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 DeBoles Nutritional Foods

Boulder, Colorado, United States

DeBoles Nutritional Foods, Inc. is a producer and manufacturer of organic pastas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 Mauna Loa Macadamia Nut

Keaau, Hawaii, United States

Mauna Loa Macadamia Nut Co. is a provider of macadamia nut processor.

Buy $40M