Consumer Private Placement and M&A Transactions Review Week Ending October 13, 2024

Plantible: The company raised $30 million of Series B venture funding from Pulse Fund on October 8, 2024. The company is a producer of sustainable plant-based protein from lemna leaves, sourced from an acquatic plant from the duckweed family with a high protein density.

La Vie: The company raised EUR 25 million of venture funding from Sparkfood, Zintinus and Michel Larroche on October 7, 2024. Arnaud Bachelier also participated in the round. The company is a producer of plant-based meat substitutes for a vegan diet.

Cerebelly: The company raised $7.6 million of venture funding from undisclosed investors on October 10, 2024. The company is a producer of baby food intended to promote healthy brain development in children.

The Jackfruit Company: The company received $5 million of development capital from Creadev, InvestEco Capital and Grosvenor Investment Management on October 8, 2024. The company is a vertically integrated producer and distributor of Jackfruit products.

La Quercynoise: The company received EUR 4 million of development capital from Unigrains on October 8, 2024. The company is a producer of a range of gourmet culinary delicacies.

FruitScout: The company raised $3.8 million of venture funding in the form of convertible debt from undisclosed investors on October 10, 2024. The company is an operator of a crop load management platform intended to automate farming processes.

Ascribe: The company raised $2.2 million of venture funding from undisclosed investors on October 7, 2024. The company is a developer of crop protection products designed to protect crops from Rhizoctonia.

Lewis Bakeries: The company received an undisclosed amount of development capital from One Rock Capital Partners on October 7, 2024. The company is a producer of bakery products intended to provide fat-free reduced-calorie bread.

Cheney Brothers / Performance Food Group: The company was acquired by Performance Food Group for $2.1 billion on October 8, 2024. The company is a distributor of food and fresh grocery products.

The Duckhorn Portfolio / Butterfly Equity: The company entered into a definitive agreement to be acquired by Butterfly Equity through a $1.95 billion public-to-private LBO on October 7, 2024. The Duckhorn Portfolio Inc produces luxury and ultra-luxury wine across a portfolio of winery brands, including Duckhorn Vineyards, Paraduxx, Goldeneye, Migration, Decoy, Canvasback, Calera, Kosta Browne, Greenwing and Postmark.

Chuy’s Holdings / Darden Restaurants: The company was acquired by Darden Restaurants for $605 million on October 11, 2024. Chuy’s Holdings Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food.

Perigon Beverage Group / Diamond Estates Wines & Spirits: The company was acquired by Diamond Estates Wines & Spirits for $1.8 million on October 9, 2024. The company is a retailer of alcoholic beverages based in Etobicoke, Canada.

Cartlidge & Browne Winery / Total Beverage Solution: The company, a subsidiary of Vintage Wine Estates, was acquired by Total Beverage Solution for an undisclosed amount on October 7, 2024. The company is an operator of a wine production facility based in Santa Rosa, California.

Champagne Malard / Castel Wine International: The company was acquired by Castel Wine International for an undisclosed amount on October 12, 2024. The company is a producer of champagne based in Ay-Champagne, France.

Ella Drinks / Summerhouse Drinks: The company was acquired by Summerhouse Drinks for an undisclosed amount on October 11, 2024. The company is a producer of pressed fruit juices based in Brechin, United Kingdom.

Jackalope Brewing Company / Tacoma and Hoyt: The company was acquired by Tacoma and Hoyt for an undisclosed amount on October 9, 2024. The company is an operator of a brewery and taproom located in Nashville, Tennessee.

Jones Meat & Locker / Individual Investors: The company was acquired by Mr. Bob Stanton & Mr. Derrick Clevenger for an undisclosed amount on October 8, 2024. The company is a retailer and wholesaler of meat based in Jacksonville, Illinois.

Layer Cake / Total Beverage Solution: The company, a subsidiary of Vintage Wine Estates, was acquired by Total Beverage Solution for an undisclosed amount on October 7, 2024. The company is an operator of a winery estate based in Santa Rosa, California.

Morton Salt / Stone Canyon Industries: The company was rolled into a continuation fund from SCI Capital Partners Continuation Fund through a undisclosed amount deal on October 8, 2024. The company is a manufacturer of salt products intended for consumers as well as industrial and government customers.

Natural Advantage / Axxence Aromatic: The company entered into a definitive agreement to be acquired by Axxence Aromatic, via its financial sponsor Capiton, through an LBO on October 9, 2024 for an undisclosed amount. The company is a manufacturer of natural and kosher flavor ingredients intended for the food, beverage and flavor industries.

Rusty’s Chips / Cooper and Company: The company was acquired by Cooper and Company through an LBO on October 11, 2024 for an undisclosed amount. The company is a producer of handmade potato and tortilla chips based in Huntington Beach, California.

Tamarack Cellars / Total Beverage Solution: The company, a subsidiary of Vintage Wine Estates, was acquired by Total Beverage Solution for an undisclosed amount on October 7, 2024. The company is an operator of a boutique winery intended to showcase the unique terroir of the Pacific Northwest.

The Watkins Company / Cannae Holdings: The company reached a definitive agreement to be acquired by Cannae Holdings and KDSA Investment Partners for an undisclosed amount on October 7, 2024. The company is a producer and retailer of food products based in Winona, Minnesota.