Consumer Private Placement and M&A Transactions Review Week Ending August 11, 2024

Athletic Brewing Co.: The company raised $68 million of venture funding in a deal led by General Atlantic on August 9, 2024. The company is an operator of a craft brewery platform intended to produce non-alcoholic beer.

HabiTerre: The company raised $10.2 million of venture funding from undisclosed investors on August 9, 2024. The company is an operator of a deep science and technology company intended to provide environmental and productivity modeling for food and agriculture.

Knoops: The company raised GBP 5 million of venture funding in a deal led by Andrew Gerrie on August 5, 2024. Julian Metcalfe, Alice Avis and other undisclosed investors also participated in the round. The company is a producer of chocolate drinks, flakes and other products.

Adamo Foods: The company raised GBP 2 million of venture funding from SFC Capital and other undisclosed investors on August 8, 2024. The company is a producer of plant-based meat alternatives intended to offer functional meat proteins through precision fermentation.

Zilks: The company raised $1.3 million of venture funding from undisclosed investors on August 6, 2024. The company is a producer of dips and sauces.

Roland Foods: The company received an undisclosed amount of development capital from Vestar Capital Partners and other undisclosed investors on August 8, 2024. The company is a distributor of specialty foods and condiments for the food service, retail and industrial channels.

The Zidian Group / Lassonde Industries: The company was acquired by Lassonde Industries for approximately $286 million on August 8, 2024. The company is a manufacturer of Italian food products.

Whole Earth Brands / Rhône Group: The company was acquired by Rhône Group through a $169 million public-to-private LBO on August 5, 2024. Whole Earth Brands Inc is a food company that provides access to high-quality, plant-based sweeteners, flavor enhancers and other foods.

The Redwood Group / Above Food: Above Food reached a definitive agreement to acquire the Specialty Crop Food Ingredients division of The Redwood Group for $34 million on August 9, 2024. The company is a producer and supplier of specialty food ingredients, based in Montana, United States.

Anarchy Brew / Anarchy Beers: The company was acquired by Anarchy Beers for an undisclosed amount on August 8, 2024. The company is an operator of an online marketplace serving breweries based in Tyne and Wear, England.

Arbor Management / Whitsons Culinary Group: The company was acquired by Whitsons Culinary Group, via its financial sponsors Churchill Asset Management and GenNx360 Capital Partners, through an LBO on August 7, 2024 for an undisclosed amount. The company is a provider of food service management to various institutions.

Butterworks Farm / Individual Investors: The company was acquired by its management, Mr. Anthony Calderaro, Mr. Ania Kuniej, and Mr. Joseph Calderaro for an undisclosed amount on August 9, 2024. The company is a producer of organic dairy products based in Westfield, Vermont.

Golden State Foods / Lindsay Goldberg: The company entered into a definitive agreement to be acquired by Lindsay Goldberg through an LBO on August 8, 2024 for an undisclosed amount. The company is a producer of food products for the food service and retail industries.

Good Eggs / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on August 6, 2024. The company is an operator of an online grocery delivery platform.

Sweetwood Smoke / Conagra Brands: The company was acquired by Conagra Brands for an undisclosed amount on August 9, 2024. The company is a producer and retailer of meat sticks and protein snacks based in Steamboat Springs, Colorado.

The Blue Sea Food Company / New England Seafood International: The company was acquired by New England Seafood International, a subsidiary of Sealaska Foods International Holdings, for an undisclosed amount on August 6, 2024. The company is a distributor of crabs and seafood.

The Cookie Place / Front Range Holdings: The company was acquired by Front Range Holdings for an undisclosed amount on August 6, 2024. The company is an operator of over 60 Great American Cookie restaurant franchises operating throughout the United States.

Triad Fisheries / Alaska Glacier Seafoods Incorporated: The company was acquired by Alaska Glacier Seafoods Incorporated for an undisclosed amount on August 6, 2024. The company is a wholesaler of wild salmon, based in Vancouver, Washington.

Turri’s Italian Foods / Benford Capital Partners: The company was acquired by Benford Capital Partners and its management through an LBO on August 5, 2024 for an undisclosed amount. The company is a manufacturer and distributor of idividually quick frozen (IQF) rice and pasta products for food service and retail markets.