TSG Consumer Partners will participate in the agreed upon acquisition of Pabst Brewing Company by Oasis Beverages, as the consumer-goods-focused PE firm is set to claim a minority stake as part of the deal. The transaction will reportedly be in excess of $700 million in cash. Pabst, which has been in business since 1844, will remain at its Los Angeles headquarters upon the deal's close. The company’s beer portfolio includes the brands Pabst Blue Ribbon, Rainier, Lone Star, Old Style, Schlitz and others. Ropes & Gray represented TSG in the deal.