Little Moons company, a family-run ice cream premium company, has sold a significant minority shareholding to private-equity firm L Catterton, for an undisclosed sum.
Founded in 2010, Little Moons produces “ice cream from another world”, bite-sized balls of artisanal gelato wrapped in a layer of mochi dough without preservatives or artificial ingredients.
Howard Wong, co-founder of Little Moons said, “This transaction marks an exciting milestone for Little Moons, which began as a small family business 12 years ago, as we capitalize on the explosive demand for our mochi ice cream both in the UK and internationally”, believing that “in L Catterton, we’ve found a partner that shares not only our ambitions but also our values, and their support will help us to scale our reach globally. The L Catterton team brings an extensive track record in the retail and food categories, and we look forward to benefiting from their expertise so we can continue doing what we do best – creating little lifts that spark positivity for more people around the world”.
Source: L Catterton