Investment Firm Buys 50 Percent of Alexis Bittar

Private equity firm TSG Consumer Products recently acquired a 50 percent stake in New York jewelry design company Alexis Bittar.

Bittar will remain chief executive officer and creative director of the jewelry company, a statement said.

Accounting firm MayerMeinberg helped facilitate the transaction.

TSG Consumer Partners specializes in investing in “leading middle-market branded consumer companies.” The portfolio listed on its website includes numerous well-known consumer brands, such as Famous Amos cookies and Smart Balance Foods, but does not list any jewelry companies.