Consumer Private Placement and M&A Transactions Review Week Ending October 20, 2024

MyLand: The company raised $10 million of venture funding from undisclosed investors on October 17, 2024. The company is an operator of a Soil as a Service business that allows farmers to easily and rapidly implement regenerative agriculture practices and improve soil conditions.

Nara Organics: The company raised $18.9 million of venture funding in a deal led by Torch Capital, AlleyCorp and Platinum Mile Ventures on October 18, 2024, putting the company’s pre-money valuation at $40 million. Company Ventures, Corazon Group and Crown Predator Holdings also participated in the round. The company is a producer of organic, grass-fed, whole milk formulas for infants.

Best Day Brewing: The company raised $12.5 million of venture funding from undisclosed investors on October 17, 2024. The company is a producer of non-alcoholic craft beer products.

MeliBio: The company raised $10 million of Series A venture funding from Oisix ra daichi, Branch Venture Group and Lewis Hamilton on October 17, 2024. Leonardo DiCaprio and other undisclosed investors also participated in the round. The company is a food technology business focused on vegan nectar products intended to act as a molecularly identical alternative to honey.

Umami: The company raised CHF 4.3 million of Series A venture funding from undisclosed investors on October 15, 2024. The company is a producer and supplier of microgreens.

Luke’s Local: The company raised $1.4 million of venture funding from undisclosed investors on October 14, 2024. The company is an independently-owned grocery business that provides food from local family farms, butchers, ranchers, and food makers in San Francisco.

Rarebird: The company raised $1.12 million of venture funding from undisclosed investors on October 15, 2024. The company is a producer of coffee products made with Px, a caffeine replacement, that reduces the negative side effects of caffeine in traditional coffee.

Brassica: The company raised an undisclosed amount of venture funding from Chipotle Mexican Grill on October 15, 2024. The company is an operator of a fast-casual Mediterranean restaurant based in Columbus, Ohio.

FitCrunch / 1440 Foods Company: The company was acquired by 1440 Foods Company, via tis financial sponsor Bain Capital, through an estimated $700 million LBO on October 16, 2024. The company is a producer of protein-based food products in Bohemia, New York.

What’s Cooking Group / Aurelius Group: The charcuterie division of What’s Cooking Group was acquired by Aurelius Group through a EUR 100 million LBO on October 18, 2024. The company is a provider of packaged charcuterie products based in Belgium.

Golden Organics / Innovative Food Holdings: The company reached a definitive agreement to be acquired by Innovative Food Holdings for $1.75 million on an undisclosed date. The company is a distributor of organic food products intended for restaurants, food manufacturers, and food retailers.

Caesars Tea / Crosby Foods: The company was acquired by Crosby Foods for an undisclosed amount on October 17, 2024. The company is a producer of teas and sweeteners based in Montreal, Canada.

Del Monte Foods (Sweet Corn Genetics) / Illinois Foundation Seeds: The Sweet Corn Genetics business division of Del Monte Foods was acquired by Illinois Foundation Seeds, via its financial sponsor Armory Capital, through an LBO on October 14, 2024 for an undisclosed amount.  The Company offers high-performance genetics, enabling global processors to enhance efficiency and develop improved varieties, and is based in California, United States.

Double B Foods / The Anderson Group: The company was acquired by The Anderson Group, Mr. Patrick O Ray, Mr Donald Wall and other management through an LBO on October 17, 2024 for an undisclosed amount. The company is a producer of frozen food products for the food service and retail industries.

European Convenience Food / LDC: The company entered into a definitive agreement to be acquired by LDC and its management through an LBO on October 18, 2024 for an undisclosed amount. The company is a producer of frozen convenience food.

Firesteed Cellars / Integrated Beverage Group: The company was acquired by Integrated Beverage Group, via its financial sponsor Juggernaut Capital Partners, through an LBO on October 17, 2024 for an undisclosed amount. The company is a producer of wines based in Dundee, Oregon.

Mortons Dairies / Creamline Dairies: The company reached a definitive agreement to be acquired by Creamline Dairies for an undisclosed amount on October 14, 2024. The company is a producer and distributor of milk products catering to the Liverpool and Merseyside area in the United Kingdom.

Peabodys Coffee / Compass One: The company was acquired by Compass One, a subsidiary of Compass Group (UK), for an undisclosed amount on October 17, 2024. The company is an operator of a chain of coffee shops intended for hospitals in the United Kingdom.

Raymundos Food Group / Unknown Investor: The company was acquired for an undisclosed amount on October 16, 2024. The company is a producer and marketer of ready-to-eat refrigerated snacks and desserts.

Tequila Calirosa / AMASS: The company was acquired by AMASS for an undisclosed amount on October 15, 2024. The company is a producer of tequila based in Los Angeles, California.

United Dutch Breweries / Brouwerij Martens: The company was acquired by Brouwerij Martens for an undisclosed amount on October 16, 2024. The company is a producer and distributor of beer and malt-based alcoholic beverages.

Webster’s Marketplace / Hy-Vee: The company reached a definitive agreement to be acquired by Hy-Vee for an undisclosed amount on October 14, 2024. The company is an operator of a locally-owned grocery chain based in Ripon, Wisconsin.

Cropster / Verdane: The company was acquired by Verdane through an LBO on October 17, 2024 for an undisclosed amount. The company is a provider of software services for the coffee industry.