CIC Partners Teams with John Antioco in Investment in Frozen Yogurt Retailer Red Mango
CIC Partners is pleased to announce an investment in Red Mango, Inc., made in partnership with CIC Operating Partner, John Antioco. John and CIC led a $12 million growth capital investment in Red Mango, Inc. as part of an ongoing effort to identify and invest in multi-unit retail and restaurant concepts. John will serve as Chairman of Red Mango, Inc. alongside the CEO and co-founder, Daniel Kim. Founded in 2002 in South Korea, Red Mango has become one of the most popular retailers of authentic nonfat frozen yogurt in the United States. The company’s most unique differentiating factor is its authenticity in creating a genuine “better for you” nonfat frozen yogurt that is made with natural ingredients by licensed U.S. dairy manufacturers. Red Mango, Inc. and its subsidiary, Red Mango Franchising Corp., have opened 30 U.S. locations within the company’s first year of operation. For more information about Red Mango, please visit www.RedMangoUSA.com.