Consumer Private Placement and M&A Transactions Review Week Ending December 10, 2023

Fantuan: The company raised $40 million of Series C venture funding in a deal led by GrubMarket and Celtic House Asia Partners on December 5, 2023. Vision Plus Capital, JSD Capital and Eddie Wu also participated in the round. The company is a developer of a restaurant ordering and delivery service mobile application intended to provide food delivery, reviews, e-commerce, and marketing services.

Invert Robotics: The company raised EUR 12.9 million of venture funding in a deal led by ORLEN VC, TechNexus Venture Collaborative and EIIS Investments on December 7, 2023. Icos Capital, Business Venture Partners and Inception Asset Management also participated in the round. The company’s tools offer end-to-end robotic asset inspection services to customers in the food and beverage, chemical, energy, and aviation industries.

Agricarbon: The company raised GBP 9 million of Series A venture funding in a deal led by Shell Ventures on December 5, 2023. Ananke, Sustainable Impact Capital and The Nest Family Office also participated in the round. The company applies robotics and AI to automate the process of quantifying soil carbon stock, and agricultural CO2 removal.

SipMargs: The company raised $2 million of venture funding in a deal led by The Lab Capital Advisors on December 5, 2023. The company is a producer of canned margaritas.

Delice de France / Financière LM: The company was acquired by Financière LM through an LBO on December 4, 2023 for an undisclosed amount. The company provides food products including pastries, buns, cookies and chocolate cakes through bakeries, shops and e-commerce platforms.

Ethica Wines / ISA – Istituto Atesino di Sviluppo: The company was acquired by ISA – Istituto Atesino di Sviluppo – for an undisclosed amount on December 4, 2023. The company is a distributor and importer of Italian wines catering to North American and Asia-Pacific markets.

Fera Science / Bridgepoint Advisers: The company was acquired by Bridgepoint Advisers through an LBO on December 4, 2023 for an undisclosed amount. The company is a provider of scientific research and advice intended for the agriculture food supply chain sector.

Maxima Seafood / Nissui: The company, a subsidiary of Karel Hoeve IJmuiden, was acquired by Nissui for an undisclosed amount on December 6, 2023. The company is a distributor of seafood based in Ijmuiden, Netherlands.

Ready Chef / Sysco Ireland: The company reached a definitive agreement to be acquired by Sysco Ireland for an undisclosed amount on December 8, 2023. The company is a supplier of prepared fruits and vegetables.

Renshaw Baking / Bakels: The company was acquired by Bakels for an undisclosed amount on December 4, 2023. The company is a producer of food ingredients intended for the baking and cake decorating field.

Wonder Brands Holdings and FGF Brands / Olympus Partners: The two pie facilities were acquired by Rise Baking Company, via its financial sponsor Olympus Partners, through an LBO on December 5, 2023 for an undisclosed amount. The company is an operator of 2 full-line pie baking platforms intended to serve retail channels across North America.