TSG Consumer Partners, a leading private equity firm focused exclusively on the branded consumer sector, has completed the sale of its stake in PAIGE to Lion Capital. Adams-Geller and co-founders Michael Geller, Michael Henschel and Walter Lacher will continue to hold their leadership roles and continue to own a meaningful stake in the company.
Paige Adams-Geller, co-founder and creative director of PAIGE, said, “We are grateful for our collaboration with TSG, who has been tremendously helpful in developing our growth strategy, including branching out into men’s and non-denim apparel, opening up new points of premium wholesale distribution, building out our direct-to-consumer business, and enhancing our overall digital presence. We look forward to working with Lion to continue to capitalise on opportunities we see in front of us, including growing the brand in our core markets and internationally.”
“We are extremely proud of our partnership with the PAIGE team and everything we’ve accomplished together over the last five years,” said Jennifer Baxter Moser, managing director at TSG. “Since our investment in 2012, the company experienced significant growth in sales and EBITDA, illustrating the brand’s continued momentum and its success expanding into new product categories. We look forward to watching the company’s continued progress in the years ahead.”
The Sage Group and UBS Financial Services served as financial advisors to TSG and Ropes & Gray served as legal counsel. Kirkland & Ellis served as a legal advisor to Lion Capital. (SV)
Fibre2Fashion News Desk – India