Burns & Levinson represents Yogibo for sale on Web Shark

Burns & Levinson announced today that he represented New Hampshirebased on Yogibo LLC in the sale of the company to Shark Web Co., Ltd., based in Osaka, Japan. The acquisition of Yogibo, known for its innovative pouf furniture that adapts 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 continue as CEO of the company. In 2014, Web Shark became Yogibo’s sales agent Japan. Today, Yogibo has approximately 130 stores worldwide in the U.S. Japan, Canada, South Korea, Taiwan, Thailand, Singapore, i Netherlands.

The Burns & Levinson agreement team was led by the partner Gil Breiman with important contributions from partner Alex Khalarian and lawyers Michael Andreasen, Lauren Barrett, i Rodney Bedow, along with the support of other specialists from the firm.

“We have been Yogibo’s external general corporate advisor from the beginning, managing everything from the formation and financing of the company to commercial agreements and celebrity endorsements. It has been an honor to represent them throughout their incredible journey from start to finish, ”Breiman said. “We look forward to your continued success as you embark on this exciting next chapter.”

“Burns & Levinson has been with us every step of the way, and their professional and personal customer service and business advice have played an important role in helping us reach this important moment,” said Eyal Levy. general manager of Yogibo. “We are especially grateful for the wisdom and experience of Gil and his team to guide us through this transformative merger and acquisition agreement for our company.”