Consumer Private Placement and M&A Transactions Review Week Ending August 27, 2023

Enough: The company raised EUR 40 million of venture funding in a deal led by World Fund and CPT Capital on August 21, 2023. AXA Investment Managers, HAL Investments, Olympic Investments. Tailored Solutions, and Scottish Enterprise also participated in the round. The company is a producer of mycoprotein-based food intended to make protein sustainable. The company’s products use less water, lowers carbon dioxide emissions, and undergo a zero-waste fermentation process during preparation to produce low-cost sustainable protein.

Lyre’s: The company raised GBP 18 million of venture funding in a deal led by Morgan Creek Capital Management and D Squared Capital on August 21, 2023. Futurecraft Ventures and other undisclosed investors also participated in the round. The company offers drinks that are made of vegan ingredients and that taste like alcoholic spirits.

Holy Energy: The company raised EUR 10.5 million of Series A venture funding in a deal led by Left Lane Capital on August 24, 2023. OMR (Publishing), Atlantic Food Labs, Simon Capital (Düsseldorf), V3 Ventures (Brussels), Béla Seebach, Benjamin Kremer and Noel Bollmann also participated in the round. The company is a producer of an energy drink intended to boost energy, alertness, and concentration. The drinks contain zero sugar, zero taurine, green tea extract, other nootropics and vitamins, with natural fruit flavors.

Halfday: The company raised $7.3 million of venture funding from undisclosed investors on August 24, 2023. The company is a producer of iced tea beverages intended to serve users with tonic benefits for gut health.

Mosh: The company raised $6.5 million of Series A venture funding in a deal led by Main Street Advisors on August 23, 2023. Verso Capital, Entrepreneur Ventures, Joyance Partners, and The Lab Capital Advisors also participated in the round. The company is a producer of protein bars enriched with lion’s mane, ashwagandha and omega-3, made without added sugar, that promote brain health.

GoodSport Nutrition: The company raised $5.9 million of venture funding from undisclosed investors on August 21, 2023. The company is a producer of natural sports drinks produced from milk that supply a source of calcium to help build and maintain strong bones and support muscle function.

Nutrinova Netherlands / Mitsui & Company: The company was acquired by Mitsui & Company for $473 million on August 24, 2023. The company is a producer of food ingredients based in Amsterdam, Netherlands and specializes in the production and sales of acesulfame potassium, sorbic acid and potassium sorbate.

Allerstedter Kaserei / Fude + Serrahn Milchprodukte: The company was acquired by Fude + Serrahn Milchprodukte, a subsidiary of Fude + Serrahn Vermögensverwaltungsgesellschaft, for an undisclosed amount on August 22, 2023. The company is a distributor of dairy products based in Wohlmirstedt, Germany that specializes in offering sour milk cheese for customers.

Brew By Numbers / Breal Group: The company was acquired by Breal Group through an LBO on August 24, 2023 for an undisclosed amount. The company is a producer of handcrafted beer in a range of diverse flavors and is sourced from natural ingredients.

ifiGourmet / Roland Foods: The company was acquired by Roland Foods, via its financial sponsors Goldman Sachs Private Middle Market Credit BDC, Ares Capital Corporation BDC, Vestar Capital Partners, Harvest Partners, HarbourVest Partners and Ares Management, through an LBO on August 21, 2023 for an undisclosed amount. The company is a distributor of baking and pastry products, decoration and flavoring products, tarts, dessert mix ingredients, topping and fillings, colorants and other associated products to bakeries.

Romer’s Hausbäckerei / IDAK Food Group: The company was acquired by IDAK Food Group, via financial sponsors Invision and NORD Holding, through an LBO on August 22, 2023 for an undisclosed amount. The company is a producer of frozen baked goods and confectionery products that includes croissants, loaves of bread, small breads, sweet and savory baked goods, desserts and gateaux, as well as the “Toast Master” snack line.

Seltic Beverages / Turquoise Consulting: The company reached a definitive agreement to be acquired by Turquoise Consulting for an undisclosed amount on August 22, 2023. The company is an operator of ready-to-drink premium cocktail beverages based in Scottsdale, Arizona.

The Urgent Company / Superlatus: The company, a subsidiary of Perfect Day was acquired by Superlatus, a subsidiary of TRxADE Health, for an undisclosed amount on August 25, 2023. The company specializes in production of animal-free dairy products such as ice cream, cake mixes, cream cheese and sports nutrition products.