TSG Sells Its Stake In Perricone MD
SAN FRANCISCO, June 3, 2014 — TSG Consumer Partners LLC, a leading strategic equity investor in high-growth consumer brands, has sold its stake in Perricone MD to Lion Capital.
Perricone MD was founded in 1997 by Dr. Nicholas Perricone, the world-renowned dermatologist and anti-aging expert. Today, the Perricone MD brand is recognized for its cutting-edge innovation in the category of science based skincare, and as a brand synonymous with breakthrough science, treatments and results. A product line comprising powerful anti-aging topicals and supplements is highlighted by top-performing franchises Cold Plasma, Acyl-Glutathione and Blue Plasma, all invented by Dr. Perricone.
“During the last three years, product sales and earnings of the company have more than doubled,” said Jamie O’Hara, managing director and president of TSG Consumer Partners. “The company is well positioned for future growth while continuing to be innovative to meet the needs of its incredibly devoted and growing customer base.”