Santa Monica, CA – Pinkberry Holding Corporation (“Pinkberry”), the super-premium frozen yogurt brand, has been acquired by Kahala Franchising, LLC (“Kahala Brands”), a global leader in the QSR industry. FocalPoint served as exclusive Financial Advisor to Pinkberry.
Pinkberry opened its first location in West Hollywood, California in 2005 and has since revolutionized the category with its high-quality, fresh tart frozen yogurt that provides a one-of-a-kind taste that is truly unique to the brand. From store design, to exceptional customer service, to the irresistible flavor profile, Pinkberry provides a social experience that indulges the senses. The concept’s distinctive flavors are expertly crafted to complement its daily fresh-cut fruit and premium toppings that together offer an incomparably refreshing taste.
“The Pinkberry brand is known worldwide for its super-premium frozen yogurt and truly is the concept that reignited the frozen yogurt category over a decade ago,” said Michael Serruya, Chairman and Chief Executive Officer of Kahala Brands. “We very much look forward to bringing the support services and best practices we have from within Kahala Brands and aligning with the Pinkberry franchisees to help maximize the brand’s potential for continued evolution and success. It’s an excellent strategic fit for our company and presents an exciting opportunity for future development.”
Ron Graves, Chief Executive Officer of Pinkberry, commented “The professionals at FocalPoint used their creativity to provide a very fluid and flexible process that resulted in a transaction with a very compelling strategic acquirer.”
”We believe Kahala Brands will be a fantastic partner for Pinkberry going forward” added Duane Stullich, Managing Partner at FocalPoint. “This represents another successful closing for our Restaurant and Food practice. We are proud of the results of the process and excited to see what these two like-minded partners will accomplish together.”
Pinkberry launched in Los Angeles, California in 2005 as the original brand that reinvented frozen yogurt and over a decade later has more than 260 stores in 20 countries. Today, Pinkberry continues to create great tasting treats with fresh ingredients in an experience comprised of distinctive product, outstanding service and inspirational design. At Pinkberry you can taste the difference of an uncompromising commitment to quality and freshness. For more information about Pinkberry, visit pinkberry.com
Headquartered in Scottsdale, Ariz., Kahala Brands is one of the fastest growing franchising companies in the world with a portfolio of 18 quick-service restaurant brands with approximately 3,000 locations in 34 countries including Cold Stone Creamery®, Blimpie®, TacoTime™, Pinkberry®, Samurai Sam’s Teriyaki Grill®, The Great Steak & Potato Company™, NrGize Lifestyle Cafe™, Surf City Squeeze®, Planet Smoothie®, tasti D-lite™, Maui Wowi®, Johnnie’s New York Pizzeria™, Cereality®, Kahala Coffee Traders®, Frullati Café & Bakery™, Rollerz™, Ranch One® and America’s Taco Shop®. For more information about Kahala Brands, visit kahalabrands.com
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle-market clients throughout the U.S. and has a dedicated consumer products team with a sub-specialty in Food and Beverage. Since its inception in 2002, FocalPoint has completed approximately $5 billion in transactions. For more information on FocalPoint Partners, visit focalpointllc.com