Morrison & Foerster LLP advised Sugarfina, Inc., a luxury confections brand, in its $35 million Series B growth equity financing from Boston-based private equity firm, Great Hill Partners.
Sugarfina launched online in the summer of 2012 and has since grown to 24 boutiques and 14 shop-in-shops in North America. The new funding will be used to continue scaling the omnichannel brand across web, mobile, retail, wholesale, and corporate gifting, as well as to expand internationally to the Middle East, Europe, and Asia. Sugarfina currently operates in the U.S. and Canada and will begin its overseas expansion in early 2018.
The MoFo team advising Sugarfina was led by Corporate partner Mike Krigbaum (Palo Alto) and Financial Transactions partner Dario Avram (San Francisco) and also included Corporate associate Jim Ryan (Palo Alto), Tax partner David Strong (Denver), and Federal Tax associate Joe Tucci (Denver).
See the related press release.