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07/27/2012

TSG's Pierre LeComte Discusses Yard House Sale

LISA JENNINGS | NATION'S RESTAURANT NEWS

Earlier this month, Darden Restaurants Inc. said it has agreed to buy Yard House USA Inc. to bring a more contemporary concept into the casual-dining giant's portfolio.

July 26, 2012 – Earlier this month, Darden Restaurants Inc. said it has agreed to buy Yard House USA Inc., an Irvine, Calif.-based chain that will bring a more contemporary concept into the casual-dining giant’s portfolio.

Yard House was sold by private-equity firm TSG Consumer Partners LLC, which had taken a 70-percent stake in the chain in 2007, when it only had 16 locations. This weekend, Yard House is scheduled to open its 40th unit, and the brand is considered a standout “new evolution” player in a world of aging casual-dining brands.

Pierre LeComte, managing director of TSG who worked closely with the Yard House management team during the past five years, spoke with Nation’s Restaurant News about the role the private-equity firm played in the chain’s growth, and what’s next for TSG. Read the full interview.

ABOUT TSG CONSUMER PARTNERS LLC

TSG Consumer Partners, LLC is a leading investment firm with
approximately $5 billion of assets under management, focused
exclusively on the branded consumer sector. Since its founding
in 1987, TSG has been an active investor in the food, beverage,
restaurant, beauty, personal care, household and apparel & accessories,
and e-commerce sectors. Representative past and present partner
companies include Duckhorn Wine Company, vitaminwater, thinkThin,
popchips, Muscle Milk, Yard House, Stumptown, Pabst, Planet Fitness,
REVOLVE, PAIGE, Smashbox Cosmetics, Pureology, Sexy Hair, e.l.f. Cosmetics
and IT Cosmetics.

CONTACT

Meghan Gavigan / Dan Goldstein
Sard Verbinnen & Co

Meghan Gavigan - 212.687.8080

Dan Goldstein - 310.201.2040

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