M&A Deal Summary

TSG Consumer Partners Acquires Summer Fridays

On July 25, 2024, private equity firm TSG Consumer Partners acquired consumer products company Summer Fridays from Prelude Growth Partners

Acquisition Highlights
  • This is TSG Consumer Partners’ 15th transaction in the Consumer Products sector.
  • This is TSG Consumer Partners’ 50th transaction in the United States.
  • This is TSG Consumer Partners’ 16th transaction in California.

M&A Deal Summary

Date 2024-07-25
Target Summer Fridays
Sector Consumer Products
Buyer(s) TSG Consumer Partners
Sellers(s) Prelude Growth Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Cooley (Legal)

Target

Summer Fridays

Los Angeles, California, United States
Summer Fridays is a skincare brand offering exceptional products that combine clean formulations with quality ingredients. Summer Fridays was founded in 2018 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


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 55 of 55
Sector (Consumer Products) 15 of 15
Type (Secondary Buyout) 10 of 10
State (California) 16 of 16
Country (United States) 50 of 50
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Trinity Solar

Wall, New Jersey, United States

Trinity Solar is a privately-held provider of residential solar, battery storage and energy services. Trinity Solar was founded in 1994 and is based in Wall, New Jersey.

Buy -

Seller(S) 1

SELLER

Prelude Growth Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2017
PE ASSETS 250M USD
Size Small
Type Sector Focused
DESCRIPTION

Prelude Growth Partners is a growth capital investor focused on the consumer sector. The Firm looks to provide entrepreneurs, founders, and management teams with capital and operating support to help build strong consumer brands. Specific areas of interest include personal care, beauty, food & beverage, baby, pet, health/wellness, and other consumer product, service and technology companies. Prelude Growth Partners was established in 2017 and is headquartered in New York City.


DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 3 of 3
Type (Secondary Buyout) 1 of 1
State (California) 2 of 2
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-29 Naturium

West Hollywood, California, United States

Naturium is a multi-brand beauty platform whose largest core brand, Naturium, offers clean, thoughtfully formulated skincare for all. It offers a collection of potent and clinically effective, clean skincare products at an affordable price point. Naturium is based in West Hollywood, California.

Sell $355M