TSG Promotes Costello And Layman To Managing Directors

TSG CONSUMER PARTNERS ("TSG"), A LEADING STRATEGIC EQUITY INVESTOR IN HIGH-GROWTH CONSUMER BRANDS, HAS ANNOUNCED THE PROMOTIONS OF DAN COSTELLO AND MICHAEL LAYMAN TO MANAGING DIRECTORS.

SAN FRANCISCO, CA - January 24, 2017 - TSG Consumer Partners ("TSG"), a leading strategic equity investor in high-growth consumer brands, has announced the promotions of Dan Costello and Michael Layman to Managing Directors.

"Both Dan and Mike have made outstanding contributions to TSG and have been instrumental in the success of many of our partner companies," said Chuck Esserman, CEO and Founder of TSG Consumer Partners. "These promotions recognize their valuable insight, hard work, and dedication, as well as the leadership roles they have assumed within our firm."

Mr. Costello joined TSG in 2007 and has been involved in conducting due diligence and overseeing new investment opportunities. During his time at TSG, Mr. Costello has also worked with Yard House and Stumptown Coffee, among other portfolio companies. Prior to joining TSG, Mr. Costello was with Wachovia Securities, where he advised consumer and retail clients across a variety of transactions including mergers and acquisitions and debt and equity financings.

Since joining TSG in 2009, Mr. Layman has worked with a number of TSG partner companies, including Planet Fitness and e.l.f. Cosmetics, among others. He has also led diligence for new investment opportunities and helped oversee portfolio companies. Before joining TSG, Mr. Layman was an investment banker with Jefferies & Company and Wachovia Securities, where he advised consumer and retail clients on a variety of transactions including mergers and acquisitions and debt and equity financings.