SAN FRANCISCO & AUSTIN, Texas & NEW YORK, April 3, 2020-- TSG Consumer Partners (“TSG”), a leading private equity firm focused exclusively on the branded consumer and retail sectors, today announced that it has acquired a majority stake in Pathway Vet Alliance LLC (“Pathway” or the “Company”) from investment funds managed by Morgan Stanley Capital Partners (“MSCP”). As part of the transaction, Pathway management will continue to lead the Company and retain a significant minority stake. Financial terms of the transaction were not disclosed.