Strategy | Financing | Macro & Markets
Private Placement / Financing Transactions

Rustica Foods: The company received CAD 65 million of development capital from Export Development Canada and Fonds de solidarite FTQ on April 11, 2025. The company is a Canadian producer of fresh, frozen, and par-baked pizzas and focaccias, sold to the retail, wholesale, foodservice, and private label markets.

Xoxo: The company raised GBP 4 million of venture funding in a deal led by Slingshot Ventures and Lever VC on April 11, 2025. The company is a producer of a plant-based low sugar, low calorie prebiotic sodas.

Spearhead Spirits: The company raised an undisclosed amount of venture funding from Pronghorn on April 7, 2025. The company is a producer of African spirits, such as Bayab Gin, Vusa Vodka, and Sango African Agave.


M&A Transactions

Echo Lake Foods / Cal-Maine Foods: The company reached a definitive agreement to be acquired by Cal-Maine Foods for $258 million on April 8, 2025. The company is a distributor and wholesaler of frozen pre-cooked egg and breakfast products.

Valentus Global / Zinzino: The company was acquired by Zinzino for SEK 20 million on April 11, 2025. The company is a manufacturer of weight management and wellness products based in Sioux Falls, South Dakota.

Biotiful Dairy / Unternehmensgruppe Theo Müller: The company reached a definitive agreement to be acquired by Unternehmensgruppe Theo Müller, a subsidiary of NORDSEE, for an estimated £115 million on April 11, 2025. The company is a producer and manufacturer of a range of all-natural, no sugar organic fermented milks.

Constellation Brands / The Wine Group: The Wine Group reached a definitive agreement to acquire the mainstream wine brands and related vineyards and facilities of Constellation Brands for an undisclosed amount on April 9, 2025. The Wine Group is the second-largest wine company in the U.S. in volume terms.

Delta Fresh / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on April 7, 2025. The company, based in Nogales, AZ, distributes fresh produce to a wide range of customers including major retailers, national restaurant chains, and distributors.

Gastrograph AI / NielsenIQ: The company entered into a definitive agreement to be acquired by NielsenIQ, via its financial sponsor Advent International, through an LBO on April 7, 2025 for an undisclosed amount. The company is a developer of sensory analytics software designed to provide food producers with consumer insights.

High Plains Bison / Canadian Rangeland Bison: The company was acquired by Canadian Rangeland Bison from Hugo Enterprises on an undisclosed date. The company is a producer and distributor of bison meat products for retail and food service markets.

Kelly’s Jelly / St.Cousair: The company reached a definitive agreement to be acquired by St.Cousair for an undisclosed amount on April 11, 2025. The company is a producer of premium pepper jellies and sweet fruit spreads, based in Lake Oswego, Oregon.

Lobos 1707 / Diageo: The company was acquired by Diageo for an undisclosed amount on April 7, 2025. The company is a producer of tequila beverages.

Peak and Valley / Wellkasa: The company was acquired by Wellkasa for an undisclosed amount on April 8, 2025. The company is a producer of wellness powders and capsules intended to support brain, stress, sleep, and skin health.

Petite Île Bakery / AMI Paris: The company was acquired by AMI Paris, via its financial sponsors Felix Capital and HongShan Capital Group, through an LBO on April 9, 2025 for an undisclosed amount. The company is an operator of a bakery based in Paris, France.

SwissShrimp / Novaton: The company was acquired by Novaton for an undisclosed amount on April 11, 2025. The company is an operator of an indoor shrimp farm.

The Hurns Beer / Cellar Drinks Company: The company was acquired by Cellar Drinks Company for an undisclosed amount on April 7, 2025. The company is a distributor of wines, spirits, and soft drinks located in Swansea, United Kingdom.

The Vegetarian Butcher / Vivera: The company was acquired by Vivera, a subsidiary of JBS, for an undisclosed amount on April 9, 2025. The company is a producer and wholesaler of plant-based meat products.

Langford’s / Literacy Capital: The company was acquired by Red Sky Food Group, via its financial sponsors Literacy Capital through an LBO on April 9, 2025 for an undisclosed amount. The company is a manufacturer of frozen sausages, meatballs, and burgers, primarily for the food service market, based in Wales.


Source: Pitchbook Data, Inc.

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