Boston, MA, Jan. 18, 2022 – Burns & Levinson today announced that it represented New Hampshire-based Yogibo LLC in the company’s sale to Web Shark Co., Ltd., which is based in Osaka, Japan. The acquisition of Yogibo, which is known for its innovative bean bag furniture that molds to the user’s body, was completed on December 30, 2021 and was announced by Web Shark on January 12, 2022.
The Yogibo brand was founded in 2009 by Eyal Levy, who will remain as CEO of the company. In 2014, Web Shark became Yogibo’s sales agent in Japan. Today, Yogibo has approximately 130 stores worldwide in the U.S., Japan, Canada, South Korea, Taiwan, Thailand, Singapore, and the Netherlands.
“Burns & Levinson has been with us every step of the way, and their professional and personal client service and business advice has played a significant role in helping us get to this important juncture,” said Eyal Levy, CEO of Yogibo. “We are especially grateful for the team’s wisdom and expertise in guiding us through this transformative M&A deal for our company.”
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