TSG Consumer Partners Sells thinkThin to Glanbia
Ropes & Gray represented TSG Consumer Partners LLC, a leading strategic equity investor in high-growth consumer brands, and thinkThin, LLC, a maker of wholesome protein-rich foods, in a definitive agreement with Glanbia plc, the global performance nutrition and ingredients group, under which Glanbia will acquire thinkThin.
Following the close of the transaction, thinkThin will continue to be headquartered in Los Angeles, Calif. San Francisco, Calif.-based TSG Consumer Partners is a leading investment firm with approximately $3 billion of assets under management and focuses exclusively on the branded consumer sector. Glanbia is a global nutrition company headquartered in Kilkenny, Ireland.
The transaction, announced Nov. 16, is subject to regulatory approval and is expected to close by the end of 2015.
The Ropes & Gray team was led by private equity partner Paul Van Houten (Boston) and included tax partner Lee Allison (New York) and private equity associates Charles Boer, Minh-Chau Le and Marc Migliazzo (all of Boston).