TSG Sells Its Stake In E.L.F. Cosmetics

SAN FRANCISCO, CA, February 3, 2014 — TSG Consumer Partners LLC (“TSG”), a leading strategic equity investor in high-growth consumer brands, along with e.l.f. Cosmetics Company founders, have agreed to sell a majority stake in e.l.f. Cosmetics to TPG Growth.

“The growth of e.l.f. Cosmetics has been phenomenal, and TSG is fortunate to have been partnered with such an exciting company,” says Jennifer Baxter Moser, Managing Director at TSG Consumer Partners. “We look forward to watching the brand continue to grow and develop in the future.”