Premium frozen yogurt brand Pinkberry has been acquired by Kahala Brands. First opened in West Hollywood, California in 2005, the company now boasts over 260 stores in 20 countries. Kahala will consolidate the California-based corporate operations and run the franchising platform for the brand from its headquarters in Scottsdale, Arizona. Pinkberry was backed by VCs including Maveron, Sherpalo Ventures and Highland Consumer Partners. Kahala was advised by Levy Capital Partners in connection with the transaction.