The Mochi Ice Cream Co. (“My/Mo Mochi”), makers of My/Mo Mochi Ice Cream and the largest branded manufacturer of mochi ice cream in North America, and its majority owner, Lakeview Capital, Inc., announced a closing of a financing in partnership with Bregal Partners, a New York based private equity firm focused on investing in middle market companies within the consumer and food sectors and committed to promoting corporate social responsibility in all aspects of its business.
Headquartered in Los Angeles, California, My/Mo Mochi is the creator of the modern frozen snack category and the leading national mochi ice cream brand currently available in over 30,000 retailers throughout the United States. The company has over a 100-year history and is widely credited with inventing mochi ice cream, a handheld, portion-controlled snack of premium ice cream wrapped in pillowy sweet rice dough.
“We share the same vision as Lakeview and Bregal,” said Craig Berger, CEO of The Mochi Ice Cream Co. “Together with our partners, we are excited to build a leading global branded snack business and continue to disrupt through our product innovation in the frozen novelty and snack markets.”
“We are deeply impressed by the Ancoris team’s structuring expertise, transaction experience and flawless execution capabilities. Ancoris generated a fantastic outcome in helping us secure a new strategic and financial partner that will support us in our next stage of growth and success. Ancoris played an integral role for us on this important transaction,” said Jake Freeman, Director of Investments for Lakeview Capital, Inc.