LBC Credit Partners has provided a loan to back Lakeview Capital’s buyout of My/Mo Mochi Ice Cream. No financial terms were disclosed. Based in Los Angeles, My/Mo Mochi Ice Cream is the creator mochi ice cream.
LBC Credit Partners provided a senior secured credit facility to support the acquisition of My/Mo Mochi Ice Cream (“Company”) by an investment fund managed by Lakeview Capital, Inc.
Headquartered in Los Angeles, California, My/Mo Mochi Ice Cream is the creator of the mochi ice cream category and the leading national brand currently available in over 20,000 retailers throughout the United States. The Company has over a 100-year history and is credited with creating mochi ice cream, a handheld, portion-controlled snack of premium ice cream wrapped in sweet, pillowy rice dough.
Lakeview Capital, Inc. is an operationally-focused family office investment firm headquartered in Michigan.
LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.
LBC Credit Partners provides middle market and small-cap financing solutions supporting sponsored and non-sponsored transactions throughout the U.S. across a broad range of industries. With over $3 billion in capital commitments, we have provided in excess of $6.4 billion to over 229 issuers throughout our 15-year history.* LBC is headquartered in the Philadelphia area and has offices in Atlanta, Chicago, Los Angeles and New York. To learn more, please visit www.lbccredit.com
*Information as of September 30, 2019