Consumer Private Placement and M&A Transactions Review Week Ending November 19, 2023

Momentous: The company raised $32.1 million of venture funding from undisclosed investors on November 16, 2023. The company is a producer of nutrition-based supplements that are organic and gluten-free intended to improve athletic performance.

4ag Robotics: The company raised CAD 17.5 million of Series A venture funding co-led by BDC Capital and InBC and with participation from Richardson Family Office, Lex Capital and Conexus venture capital on November 15, 2023, putting the company’s pre-money valuation at CAD 87.5 million. The company offers vision-guided robotics products for a wide variety of agriculture activities, and specifically mushroom harvesting including, picking, trimming, and packaging, enabling agriculture companies to automate repetitive or dangerous jobs.

Miyoko’s Creamery: The company raised $3.39 million of venture funding from undisclosed investors on November 17, 2023. Producer of vegan cheese and butter products intended to reduce the consumption of animal products.

Fody: The company raised an undisclosed amount of Series B venture funding from Export Development Canada, Clover Vitality and District Ventures Capital on November 14, 2023. New Acres Capital Ag & Food, Jonathan Wener and Ronald Reuben also participated in the round. The company is an operator of a food business intended to create food products that are low in FODMAPs, which are carbohydrates that can trigger digestive problems in some people.

G Fuel: The company received an undisclosed amount of development capital from Kingswood Capital Management and First Beverage Group on November 16, 2023. The company produces a range of sports and energy supplements that are developed by professional athletes.

Spicewell: The company raised an undisclosed amount of venture funding from Joyance Partners on November 15, 2023. The company offers plant-based products in addition to food like salt and pepper consisting of vitamins and minerals.

Hotel Chocolat / Mars: The company reached a definitive agreement to be acquired by Mars for GBP 534 million on November 16, 2023. Hotel Chocolat Group PLC is engaged in the manufacture and retail of chocolate in the United Kingdom and overseas.

Sonoma-Cutrer / Duckhorn Vineyards: The company, a subsidiary of Brown-Forman, has entered into a definitive agreement to be acquired by Duckhorn Vineyards, via its financial sponsor TSG Consumer, for $400 million on November 16, 2023. The company is an operator of a winery and manufacturer of wines based in Windsor, California.

Blue Apron / Wonder: The company was acquired by Wonder for $103 million on November 13, 2023. Blue Apron Holdings provides meal kits directly to customers.

Rainbow Dust Colours / European Fermentation Products: The company, a subsidiary of Real Good Food, was acquired by European Fermentation Products for GBP 800,000 on November 17, 2023. The company is a producer and distributor of edible cake craft products based in Preston, United Kingdom.

American Fish & Seafood / Eddie M’s: The company was acquired by Eddie M’s, a subsidiary of Highwood Harbor, for an undisclosed amount on November 13, 2023. The company offers fresh and frozen fish, seafood, and specialty items.

Capriole Coffee Service / Miko Group: The company was acquired by Miko Group for an undisclosed amount on November 14, 2023. The company is a provider of coffee products and services for small and medium-sized organizations.

Catalina Offshore Products / Beish Holdings: The company was acquired by Beish Holdings for an undisclosed amount on November 16, 2023. The company is a distributor and provider of fish products such as sushi fish, shellfish, fillets, steakfish, sea urchins, and other items, and is based in San Diego, California.

La Fauxmagerie / Purezza: The company was acquired for an undisclosed amount on November 13, 2023. The company is a producer of plant-based cheeses intended to be used as alternatives to dairy.

Lovingly Made Ingredients / Protein Powered Farms: The company was acquired by Protein Powered Farms for an undisclosed amount on November 15, 2023. The company is a manufacturer of plant-based textured, extruded proteins intended to be used in the preparation of a wide range of vegan dishes.

Menu-Mer / Premium Brands: The company was acquired by Premium Brands for an undisclosed amount on November 14, 2023. The company is a distributor and supplier of fish and seafood products based in Riviere-au-Renard, Canada.  Products include trout, halibut, salmon, cod, turbot, sole, shrimp, scallop, blue mussels and other frozen food.