Shansby Group names partner

The San Francisco consumer goods specialist has promoted Alex Panos to partner and managing director.

The Shansby Group, the San Francisco-based branded consumer goods investor, has promoted Alex Panos to managing director and partner.

Panos originally joined Shansby back in 1998. Prior to working with the private equity firm, he served as an investment banker with Merrill Lynch and later with Bear Stearns.

“Alex has become an integral part of our organization, both in identifying and originating investments for our fund, and also in helping to nurture growth in our partner companies,” founding partner Chuck Esserman said in a statement. “Alex is extremely talented and has made substantial contributions to the success of our partnership.”

Founded in 1987, The Shansby Group currently has more than $800 million in capital under management. The firm invests exclusively in branded consumer product companies. Some of Shansby’s more well-known brands include Terra Chips and Glaceau VitaminWater.

Last month, Shansby agreed to sell Mauna Loa Macadamia Nut to Hershey Foods in a deal worth $112.4 million (€85 million). In February, the firm announced the sale of Medtech Holdings, a marketer and distributor of branded health and beauty care products, to Chicago’s GTCR Golder Rauner.