An investment fund managed by Lakeview Capital, Inc. has closed its acquisition of The Mochi Ice Cream Co., makers of My/Mo Mochi Ice Cream and the largest branded manufacturer of mochi ice cream in North America. Lakeview Capital, Inc. acquired the company from Century Park Capital Partners.
Headquartered in Los Angeles, California, My/Mo Mochi Ice Cream claims to be the creator of the mochi ice cream category. Mochi ice cream is a handheld, portion-controlled snack of premium ice cream wrapped in sweet, pillowy rice dough.
Craig Berger, President and CEO of The Mochi Ice Cream Co., along with the management team, will remain with the company in their current roles under the new ownership.
“Under Lakeview’s ownership, we are very excited to continue building on the incredible momentum we have generated. Lakeview has a proven track record of success, and through our shared vision and collaboration, we will continue to grow and expand our business,” said Berger.
Financing for the transaction was provided by LBC Credit Partners, PineBridge Investments and WhiteHorse Capital. Terms of the transaction were not disclosed.