Consumer Private Placement and M&A Transactions Review Week Ending September 29, 2024

Helaina: The company raised $45 million of Series B venture funding in a deal led by Avidity Partners on September 25, 2024. Relish Works, CF Private Equity, Primary Venture Partners, Spark Capital, Barrel Ventures, Siam Capital, Ingeborg Investments, Tom Williams and other undisclosed investors also participated in the round. The company is a producer of milk-equivalent baby formula alternatives.

Vision Greens: The company raised $18 million of funding through a combination of debt and equity on September 26, 2024. $10 million of equity was raised from undisclosed investors. An $8 million loan was provided by Dorchester Capital Acquisition and Farm Credit Canada. The company is a developer of a proprietary vertical farming technology.

Swingers: The company received $10 million of development capital from undisclosed investors on September 26, 2024. The company operates a golf entertainment club which offers food and cocktails in a theatrical space.

Meatable: The company raised GBP 6.3 million of venture funding from Netherlands Enterprise Agency on September 26, 2024. The company is a developer of a stem cell technology designed to manufacture cultured meat.

Ola Brew: The company raised $4.9 million of venture funding from undisclosed investors on September 27, 2024. The company is an operator of a brewery based in Hawaii.

Four Growers: The company raised $4 million in Series A venture funding from undisclosed investors on September 23, 2024, putting the company’s pre-money valuation at $17.3 million. The company is a developer of a robotic harvesting technology.

Cure: The company raised $1.9 million of venture funding from Gen7 Investments, Lago Innovation Fund, and Rocana Ventures Partners on September 24, 2024. Stella Capital, Wellness Growth Ventures, and Morrison Seger also participated in the round. The company is an operator of an online beverage retail platform feauring drink mixes and packets.

BON / Colruyt: The company received an undisclosed amount of financing from Colruyt on September 26, 2024. The company is an operator of a fast food chain based in Brussels, Belgium.

Natterjack / Highmark-Gortinore: The company received $5.4 million of financing from Highmark-Gortinore on September 28, 2024. The transaction was supported by $3.6 milllion of debt financing. The company is an operator of a craft whiskey distillery.

Creed Foodservice / Kitwave Group: The company was acquired by Kitwave Group for GBP 70.2 million on September 27, 2024. The company is a family-owned food wholesaler.

Axium Foods / Cheeze Kurls: The company was acquired by Cheeze Kurls, via its financial sponsor Nexus Capital Management, through an LBO on September 23, 2024 for an undisclosed amount. The company is a manufacturer of corn-based snack food.

Central Milling / Grain Craft: The company was acquired by Grain Craft, via its financial sponsor Redwood Holdings, through an LBO on September 26, 2024 for an undisclosed amount. The company is a producer and distributor of flour and grains.

Go Nuts / Juste Bio: The company was acquired by Juste Bio, via its financial sponsor Ambrosia Investments, through an LBO on September 24, 2024 for an undisclosed amount. The company is a manufacturer of organic nut-based food products based in Genas, France.

Kleine / Hefe Van Haag Gmbh & Co.: The company was acquired by Hefe Van Haag Gmbh & Co. for an undisclosed amount on September 24, 2024. The company is a wholesaler of bakery products supplying bakeries, confectioneries, cafés and ice cream parlors.

Mountainking Potatoes / EarthFresh Foods: The company was acquired by EarthFresh Foods for an undisclosed amount on September 25, 2024. The company is a producer and distributor of potatoes.

Ohza / FX Matt: The company was acquired by FX Matt for an undisclosed amount on September 24, 2024. The company is a producer of canned, ready-to-drink alcoholic wine beverages.

Ritual Zero Proof / Diageo: The company was acquired by Diageo for an undisclosed amount on September 25, 2024. The company is a producer of non-alcoholic beverages intended to provide the taste and sensation of liquor without the alcohol or calories.

The Famous Grouse / William Grant & Sons: The company reached a definitive agreement to be acquired by William Grant & Sons for an undisclosed amount on September 23, 2024. The company is a producer of premium whiskey spirits based in Glasgow, Scotland.

Thorn Brewing / Latitude 33 Brewing: The company was acquired by Latitude 33 Brewing for an undisclosed amount on September 26, 2024. The company is a producer of craft beers and alcoholic drinks and operates a brewery/tasting room.

Vandamme Hungaria / Archer Daniels Midland: The company reached a definitive agreement to be acquired by Archer Daniels Midland for an undisclosed amount on September 23, 2024. The company is a producer of seed and corn germs oil based in Deinze, Belgium.

Waterloo Gin / Individual Investor: The Waterloo Gin, a subsidiary of Treaty Oak Distilling was acquired by Mr. John Paul DeJoria for an undisclosed amount on September 24, 2024. The company is a producer and retailer of gin based in Dripping Springs, Texas.