Strategy | Financing Transactions
Private Placement / Financing Transactions

Inari: The company raised $144 million of Series G venture funding from Flagship Pioneering, Non-Government Schools Superannuation Fund and Hanwha Impact on January 7, 2025, putting the company’s pre-money valuation at $2.06 billion. State of Michigan Retirement Systems and other undisclosed investors also participated in the round. The company provides technology to produce seeds that grow plants with greater crop yields, less nitrogen use and less water use.

Botanic Tonics: The company raised $25 million of venture funding from undisclosed investors on January 7, 2025. The company is a producer of a plant-based herbal supplement drink.

hiyo: The company raised $19 million of venture funding from undisclosed investors on January 9, 2025. The company is a producer of non-alcoholic functional beverage alternatives.

Via Carota Craft Cocktails: The company raised $11 million of venture funding from undisclosed investors on January 8, 2025. The company is a producer of ready-to-serve, craft cocktails.

Immi: The company raised $10 million of Series A venture funding in a deal led by Touch Capital on January 7, 2025. Siddhi Capital, Gold House Ventures, Anti Fund, The Lab Capital Advisors and other undisclosed investors also participated in the round. The company is a producer of low-net carb and high-protein instant ramen.

Atomo: The company raised $7.9 million of venture funding from undisclosed investors on January 10, 2025. The company is a producer of naturally derived coffee made without beans.

Renais: The company raised $6.2 million of venture funding co-led by InvestBev and Jean-Sebastien Robicquet on January 6, 2025. The company is a producer of gin products.

Rebellyous Foods: The company raised $2.5 million of venture funding from undisclosed investors on January 6, 2025. The company is a producer of plant-based meat products intended to serve the food service market, retail, and quick service restaurants.

Blendid: The company raised $1.5 million of venture funding from undisclosed investors on January 6, 2025, putting the company’s pre-money valuation at $14.5 million. The company is a developer of an autonomous robotic smoothie kiosk.

Cinq Degrés Ouest: The company received an undisclosed amount of development capital from Crédit Agricole Finistère and Mer Invest on January 9, 2025. The company is a manufacturer and distributor of seafood products.

High Basin Brands: The company is in the process of raising venture funding on January 7, 2025. The company is a producer of organic distilled spirits such as whiskey and vodka.

Smart Mouth Foods: The company received an undisclosed amount of development capital from AFM Capital Partners on January 6, 2025. The company is food services provider of pizza options for schools.

Sophie Lebreuilly: The company received an undisclosed amount of development capital from FrenchFood Capital, Cerea Partners, Finorpa, Sofiproteol, IRD Invest, NextStage AM and Epopée Gestion on January 7, 2025. The company is an operator of a network of bakeries established in the Hauts-de-France region of France.


M&A Transactions

Simple Mills / Flowers Foods: The company reached a definitive agreement to be acquired by Flowers Foods for $795 million on January 8, 2025. The company is a producer of various organic, gluten-free and plant-based food products such as crackers, cookies, baking mixes, and snack bars.

Grubhub / Wonder Group: The company was acquired by Wonder Group for $650 million on January 7, 2025. The company is a developer of an online food delivery marketplace.

Yerbaé / Safety Shot: The company reached a definitive agreement to be acquired by Safety Shot for $15.2 million on January 8, 2025. Yerbae Brands Corp is a producer of plant-based energy drinks and seltzers.

Ancient Nutrition / Nutrisystem: The company was acquired by Nutrisystem, via its financial sponsors Flexstone Partners, ICP Group and Kainos Capital, through an LBO on January 7, 2025 for an undisclosed amount. The company is a producer of supplements that are formulated to provide ancient nutrients.

College Fresh / Upper Crust Food Service: The company was acquired by Upper Crust Food Service, via its financial sponsors Copley Equity Partners, through an LBO on January 8, 2025 for an undisclosed amount. The company is an operator of a full-scale food service management business intended for fraternities, sororities and colleges across the United States.

Fleury Michon / Kumo: The meal tray business of Fleury Michon was acquired by Kumo for an undisclosed amount on January 6, 2025. The company is an operator of a charcuterie production business based in France.

Grove Menus / Aline: The company was acquired by Aline, via its financial sponsor Rubicon Technology Partners, through an LBO on January 10, 2025 for an undisclosed amount. The company is a developer of dietary and menu planning software designed for assisted living and nursing care facilities.

Homegrown Distribution / Craft Collective: The company was acquired by Craft Collective, via its financial sponsor Wales Capital Partners, through an LBO on January 6, 2025 for an undisclosed amount. The company is a distributor of craft beers and specialty beverages serving Massachusetts and Rhode Island.

Inproba / VE Partners: The company entered into a definitive agreement to be acquired by VE Partners through an LBO on January 8, 2025 for an undisclosed amount. The company is a producer of eastern ingredients and meal components based in Baarn, Netherlands.

Kaldi Koffie & thee / Individual Investors: The company was acquired by Mr. Martijn Bas and Mr. Guus Groeneveld for an undisclosed amount on January 7, 2025. The company is an operator of a specialty store franchise intended to offer coffee and tea products and accessories.

Nardone Brothers Baking Company / Murry’s: The company was acquired by Murry’s, via its financial sponsor Entrepreneurial Equity Partners, through an LBO on January 7, 2025 for an undisclosed amount. The company is a manufacturer of frozen pizza products serving the K-12, private label retail, and broader food service channels and schools nationwide.

Oenodia Electrodialysis / Scott Laboratories: The company, a subsidiary of Ameridia was acquired by Scott Laboratories, a subsidiary of Lallemand, for an undisclosed amount on January 7, 2025. The company provides technology that controls, stabilizes and filters the pH and alcohol levels of wines.

P10 Foods / Rainforest Distribution: The company was acquired by Rainforest Distribution for an undisclosed amount on January 6, 2025. The company is a distributor of food products based in Atlanta, Georgia.

Paramount Foods / Kayco: The company was acquired by Kayco for an undisclosed amount on January 8, 2025. The company is a distributor of bulk food products to supermarkets, food service and retail locations.

Perfect Coffee Water / Third Wave Water: The company was acquired by Third Wave Water for an undisclosed amount on January 7, 2025. The company is a producer of mineralized brewing water intended to help coffee brewers optimize their coffee grounding process.

Quaker Valley Foods / Hidden Harbor Capital Partners: The company was acquired by Hidden Harbor Capital Partners through an LBO on January 7, 2025 for an undisclosed amount. The company is an operator of wholesale food distribution facility of fresh and frozen meat and specialty items.

Sauer Brands / Advent International: The company entered into a definitive agreement to be acquired by Advent International through an LBO on January 6, 2025 for approximately $1.5 billion. The company is a producer of branded and private-label packaged food products intended to serve supermarkets, distributors, and restaurants.

Sencrop / Groupe ISAGRI: The company was acquired by Groupe ISAGRI for an undisclosed amount on January 7, 2025. The company is a developer of a weather technology software designed for real-time farm monitoring.

Smart Earth Camelina / Bayer: The company was acquired by Bayer for an undisclosed amount on January 10, 2025. The company is a producer of Camelina oilseed crops.

Svedka Vodka / Sazerac: The company, a subsidiary of Constellation Brands was acquired by Sazerac for an undisclosed amount on January 7, 2025. The company is a producer and distributor of vodka based in New York, United States.

Syros / Westfalia Fruit: The company was acquired by Westfalia Fruit, via its financial sponsors Women Investment Portfolio Holdings and Solum Partners, through an LBO on January 6, 2025 for an undisclosed amount. The company is a distributor of packaged avocado and guacamole food products.

Ysco Belgium / Gelato d’Italia: The company, a subsidiary of Milcobel, was acquired by Gelato d’Italia, via its financial sponsors Davidson Kempner Capital Management and Afendis Capital Partners, through an LBO on January 8, 2025 for an undisclosed amount. The company is a provider of private-label ice cream manufacturing services.


Source: Pitchbook Data, Inc.

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