TSG’s Acquisition of Cadogan Tate

Ropes & Gray has advised TSG Consumer Partners on the deal.

TSG Consumer Partners, a leading private equity firm, announced its entry into an agreement by which TSG will acquire Cadogan Tate, a premium moving and storage business, specialising in fine art. Financial terms of the transaction have not been disclosed.

Founded in 1977, Cadogan Tate is a leading international premium storage, moving and shipping group specializing in fine art and other valuable possessions. Cadogan Tate’s loyal and extensive customer base includes individuals, art galleries, museums, interior designers and auction houses. Headquartered in London, it operates in London, Paris, Côte d’Azur, New York, Los Angeles, Miami and Chicago.

TSG Consumer Partners, LP is a leading private equity firm that partners with founders and management teams to build and accelerate growth for best-in-class consumer-facing businesses. Since its founding in 1987, TSG has been an active investor in the consumer industry.

The Ropes & Gray team was led by private equity partners Elizabeth Todd (Picture; London) and Christopher Comeau (Boston), with the financing aspects deal led by finance partner Alex Robb. Other members of the team included associates Hayley Stokes, Kunal Shah, Joshua Nicholson and trainee Calum Foster (private equity), associates Jacob Bennett, Margareta Chlubnova and trainee Isuri De Alwis (finance); tax partners Brenda Coleman (London), David Saltzman and Pamela Glazier (Boston) and tax associates Benjamin Wonnacott (London), Michael Shulman (New York) and trainee William Allen.

Involved fees earner: Jacob Bennett – Ropes & Gray; Margareta Chlubnova – Ropes & Gray; Brenda Coleman – Ropes & Gray; Christopher Comeau – Ropes & Gray; Pamela Glazier – Ropes & Gray; Joshua Nicholson – Ropes & Gray; Alexander Robb – Ropes & Gray; David Saltzman – Ropes & Gray; Kunal Shah – Ropes & Gray; Michael Shulman – Ropes & Gray; Hayley Stokes – Ropes & Gray; Elizabeth Todd – Ropes & Gray; Benjamin Wonnacott – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: TSG Consumer Partners;