Houlihan Lokey is pleased to announce that The Mochi Ice Cream Company (My/Mo), a portfolio company of Century Park Capital Partners (Century Park), has been acquired by a fund managed by Lakeview Capital, Inc. (Lakeview). The transaction closed on January 29, 2020.
This deal represents another successful transaction for Houlihan Lokey in the food and beverage industry.
Headquartered in Los Angeles, California, My/Mo is the leading brand in the mochi ice cream category in North America, with distribution in more than 20,000 retailers throughout the United States and Canada. The company has a history spanning more than
100 years and is credited with creating mochi ice cream, a handheld, portion-controlled snack of premium ice cream wrapped in sweet, pillowy rice dough. The company manufactures My/Mo’s mochi ice cream products in its custom-built facility constructed
in 2010 in Los Angeles, California.
Century Park is a Los Angeles-based private equity group established in 2000 that invests in family businesses, owner-operated firms, and corporate divestitures with the purpose of accelerating growth and transforming these companies into leading industry
players. Century Park specializes in acquiring strategically well-positioned yet under-resourced middle-market companies with identifiable potential for value creation. They leverage the domain expertise of the Century Park Executive Council to work
with management to implement a value creation blueprint for their portfolio companies. They further support investments with proven operational and best practice initiatives, led by their Operating Team, including buy-and-build acquisition integration
programs and infrastructure additions.
Lakeview Capital is a Michigan-based family office.
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