Consumer Private Placement and M&A Transactions Review Week Ending January 15 2023

Lemnature AquaFarms: The company raised $50.7 million of venture funding in the form of Convertible Secured Promissory Notes from undisclosed investors on January 10, 2023. The company is a business-to-business provider of plant-based ingredients for the food, beverage and nutrition markets.

No Meat factory: The company raised $42 million of Series B venture funding in a deal led by Tengelmann Ventures on January 12, 2023. The company is a producer of plant-based food intended to provide meat alternatives.

ByHeart: The company raised $29.6 million of venture funding in the form of convertible notes from undisclosed investors on January 13, 2023. The company is a manufacturer and supplier of baby formula that uses organic, grass-fed whole milk and features its own patented protein blend with the compounds found in breast milk.

Algama: The company raised EUR 13 million of venture funding from Thai Union Group on January 10, 2023. The company is a producer of a microalgae-based, antioxidant beverage.

Ranch Hand: The company raised $11.4 million of venture funding from undisclosed investors on January 11, 2023. The company is a provider of catering services intended to serve the Austin community.

Slate Milk: The company raised $10.5 million of Series A venture funding from undisclosed investors on January 11, 2023. The company is an operator of a beverages e-commerce platform intended to provide a healthy alternative to chocolate milk.

ReelData: The company raised $8 million of Series A venture funding in a deal led by Buoyant Ventures on January 11, 2023. S2G Ventures and The Nest Family Office also participated in the round. The company is a developer of artificial intelligence software designed to serve the aquaculture industry.

Roar: The company raised $6 million of venture funding from undisclosed investors on January 13, 2023. The company is a producer of sports drinks intended to help athletes in assimilation and sustained energy.

Tahoe Blue Vodka: The company is in the process of raising $6 million of venture funding from undisclosed Investors on January 11, 2023. The company is a distiller and producer of craft vodka.

Terramera: The company raised $6 million of venture funding in a deal led by At One Ventures on January 12, 2023. The company is a developer of agriculture technology platforms and pesticide products designed to deliver alternatives to conventional chemical pesticides and fertilizers.

Cool Cat: The company raised $5.3 million of venture funding from undisclosed investors on January 12, 2023. The company is a producer of ready-to-drink wine spritzers.

NibMor: The company raised $4.2 million of venture funding in the form of convertible debt from undisclosed investors on January 10, 2023. The company is a producer of low sugar, allergen free dark chocolate products.

Fun Wine: The company raised $2.5 million of venture funding in the form of Promissory notes from undisclosed investors on January 12, 2023. The company is a producer of flavored wine based on Miami’s distinct art, fashion and music culture.

HTeaO: The company received an undisclosed amount of development capital from Trive Capital and Crux Capital on January 10, 2023. The company is an operator and franchisor of quick-serve outlets that sell fresh brewed iced tea made from natural ingredients.

Kerry Group / Advent International: IRCA Group, via its financial sponsor Advent International, entered into a definitive agreement to acquire the sweet ingredients business of Kerry Group through an estimated EUR 500 million LBO on January 11, 2023. The company is a manufacturer of sweet and cereal products intended to serve end markets of bakery, cereal, confectionery, dairy and ice cream.

Lilot Fruits / Orsero Group: The company was acquired by Orsero Group for EUR 44.6 million on January 10, 2023. The company is an importer and producer of a wide range of exotic fruits and vegetables based out of Chevilly-Larue, France.

Playboy Spirits / PLBY Group: The company was formed as a joint venture between XL Ventures II and PLBY Group for $13 million on January 12, 2023. The company is an operator of an e-commerce platform intended to sell alcoholic beverages.

Actibio / Primus Transmission: The company was acquired by Primus Transmission through an LBO on January 10, 2023 for an undisclosed amount. The company is a producer of organic food products throughout France.

Agrivida / Novus International: The company was acquired by Novus International, a subsidiary of Mitsui & Company, for an undisclosed amount on January 10, 2023. The company produces food enzymes and other proteins inside a kernel of corn for use in animal feed.

Bäckerhaus Veit / PNC Riverarch Capital: The company was acquired by PNC Riverarch Capital through an LBO on January 9, 2023 for an undisclosed amount. The company is a producer of bakery products based in Mississauga, Canada.

Birch Benders / Brynwood Partners: The company, a subsidiary of Sovos Brands, was acquired by Hometown Food Company, via its financial sponsor Brynwood Partners, through an LBO on January 9, 2023 for an undisclosed amount. The company is a provider of pancake and waffle mix intended to serve restaurants and food joints.

Bond Distributing / Origlio Beverage: The company was acquired by Origlio Beverage for an undisclosed amount on January 10, 2023. The company is an operator of a full service beer distribtor in Maryland, USA.

Charles Snack Foods / Individual Investor: The company was acquired by a private investor on an undisclosed date. The company is a distributor and retailer of packaged snack foods catering to hotels, restaurants, country clubs, lounges and other fine establishments.

Cocina 54 Empanadas / Pensieve Foods: The company was acquired by Pensieve Foods for an undisclosed amount on January 11, 2023. The company produces Argentina-inspired empanadas.

Foodist / The Quality Group: The company was acquired by The Quality Group for an undisclosed amount on January 10, 2023. The company is a provider of a food delivery service intended to offer gourmet boxes of handmade foods.

Lonestar Seafood / Inland Seafoods: The company was acquired by Inland Seafoods for an undisclosed amount on January 11, 2023. The company is a distributor of seafood products in Texas.

The Wild Beer Co / Curious Brewery: The company was acquired by Curious Brewery, via its financial sponsor Risk Capital Partners, through an LBO on January 9, 2023 for an undisclosed amount. The company is an operator of a craft brewery.