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.
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