U-Swirl, Inc. acquired the business assets of Yogli Mogli, LLC for $2.4 million.
January 16, 2014
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U-Swirl, Inc. (OTCPK:SWRL) acquired the business assets of Yogli Mogli, LLC for $2.4 million in cash and stock on January 17, 2014. Yogli Mogli was acquired by U-Swirl, Inc. for $2.15 million in cash and $0.2 million in U-Swirl common stock. In a related deal, U-Swirl, Inc. acquired the business assets of CherryBerry Enterprises, LLC. Rocky Mountain provided the cash necessary to acquire CherryBerry and Yogli Mogli through a $7.75 million convertible note. Levy Capital Partners, LLC acted as financial advisor to Rocky Mountain Chocolate Factory Inc. (NasdaqGM:RMCF). Michael D. Golden of Arnall Golden Gregory LLP acted as legal advisor to Yogli Mogli Franchise LLC. Sonny Allison of Perkins Coie LLP acted as legal advisor to U-Swirl, Inc. and Rocky Mountain Chocolate Factory, Inc.
U-Swirl, Inc. (OTCPK:SWRL) completed the acquisition of the business assets of Yogli Mogli, LLC on January 17, 2014.
U-Swirl, Inc. is engaged in providing frozen yogurt. The Company offers U-Swirl Frozen Yogurt concept, which offers guests with a choice in frozen yogurt by providing an assortment of non-fat and low-fat flavors, including tart, traditional and no sugar-added (NSA) options and various toppings, including seasonal fresh fruit, sauces, candy and granola. The Company offers a menu to search for flavors, sort columns, and check nutritional information and ingredients. The Company offers Nonfat Frozen Yogurt, Original Tart Frozen Yogurt, Greek Nonfat Frozen Yogurt, Lowfat Frozen Yogurt, Premium Frozen Yogurt, NSA Frozen Yogurt, Frozen Custard and Non-Dairy Sorbet. As of August 31, 2015, the Company had nine Company-owned cafes and 243 franchised cafes. The Company's U-Swirl-n-Go Store franchises are limited-product stores within non-traditional locations, such as convenience stores, airports, hotels and other mass gathering areas. The Company's subsidiary is U-Swirl International, Inc.
U-SWIRL, INC. 