Century Park Capital Partners announcea the acquisition of Mikawaya. Headquartered in Vernon, California, Mikawaya is a 105-year-old producer of Japanese pastries and specialty frozen desserts. Mikawaya is credited as being the creator of mochi ice cream, a handheld and portion-controlled ball of premium ice cream enrobed in a soft and chewy, sweet rice cake that enhances both flavor and mouthfeel. Mikawaya is the market’s largest producer of the Japanese specialty frozen dessert.

OneWest and Gladstone Capital provided the debt financing for the transaction. Terms of the transaction were not disclosed.

Century Park Capital Partners is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $50 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings.