Consumer Private Placement and M&A Transactions Review Week Ending July 31, 2023

Rise Gardens: The company raised $6.9 million of venture funding from undisclosed investors on July 24, 2023. The company is a developer of an indoor hydroponic gardening system designed to grow food at home.

Rarebird: The company raised $6.5 million of venture funding from undisclosed investors on July 28, 2023. The company is a producer of coffee products containing bioactive ingredients intended to improve mental wellness.

Milliways Food: The company received GBP 3.1 million of development capital from KLT Holdings on July 24, 2023. The company is a producer of chewing gum intended to keep teeth healthy.

IngredientWerks: The company is in the process of raising Series A venture funding from undisclosed investors as of July 25, 2023. The company is an operator of a molecular farming company that focuses on enhancing the taste and experience of plant-based foods.

Freshcut Foods / Flywheel Partners: The company was acquired by Flywheel Partners and its management through an estimated GBP 55 million LBO on July 24, 2023. Freshcut Foods is a producer of cooked and raw food items intended to serve food manufacturers, retail, food-to-go and foodservice operators.

Detailresult-bakkerij / Market Food Group: The company was acquired by Market Food Group for an undisclosed amount on July 24, 2023. Detailresult-bakkerij is a provider of bakery services based out of the Netherlands.

Domaine Roy & fils / Frescobaldi: The company reached a definitive agreement to be acquired by Frescobaldi for an undisclosed amount on July 24, 2023. Domaine Roy & fils is an operator of a winery and vineyard in the Willamette Valley, Oregon, producing Pinot Noir and Chardonnay wines from organically-farmed vines.

HARi&CO / Avril: The company was acquired by Avril for an undisclosed amount on July 27, 2023.  Hari&Co offers a range of plant-based ready meals and catering products made with legumes. Its products are locally produced in France, minimally processed and made from natural ingredients without additives.

Henry Broch / JDM Food: The company has entered into a definitive agreement to be acquired by JDM Food via its financial sponsor Sunridge Partners through an LBO on July 24, 2023 for an undisclosed amount. Henry Broch is a provider of food ingredient, processing and co-packing services intended for spice and seasoning blends, batters and breading, bakery blends, sauces, soups and salad dressings.

High Brew Coffee / LivSmart Américas: The company was acquired by LivSmart Américas, a subsidiary of Central America Bottling, for an undisclosed amount on July 25, 2023. High Brew Coffee is a producer of ready-to-drink cold brewed brewed coffee beverages.

Jimmy’s Iced Coffee / Britvic: The company was acquired by Britvic for an undisclosed amount on July 27, 2023. Jimmy’s Iced Coffee is a producer of ready-to-drink cold coffee based in Christchurch, United Kingdom.