Consumer Private Placement and M&A Transactions Review Week Ending April 16, 2023

Ynsect: The company raised $175 million of venture funding from undisclosed investors on April 16, 2023. The company is an operator of insect vertical farms intended to produce premium organic alternative proteins and fertilizer from insects.

Barn2Door: The company raised $2 million of venture funding from undisclosed investors in the form of SAFE notes on April 11, 2023. The company is a developer of agricultural business management software designed to help farms grow and manage direct sales.

Belle Isle Moonshine: The company raised $2 million of venture funding in the form of convertible debt from undisclosed investors on April 11, 2023. The company is a producer of handcrafted spirits.

Climax Foods: The company raised an undisclosed amount of venture funding from Groupe Bel on April 11, 2023. The company uses AI and data science to replicate animal-based food products with plant-based versions that match in terms of texture, flavor, and nutrition density.

FarmTrace: The company raised an undisclosed amount of venture funding from Hassium Capital and Secha Capital on April 13, 2023. The company is a developer of ag-tech software designed to connect participants throughout the animal and plant protein value chain.

Sabatino Tartufi: The company received an undisclosed amount of development capital from Traub Capital Partners and Three Hills Capital Partners on April 13, 2023. The company is a manufacturer and producer of fresh truffles and truffle products headquartered in West Haven, Connecticut.

Bonobos / Expess: The company, a subsidiary of Walmart, entered into a definitive agreement to be acquired by Express and WHP Global, via its financial sponsors Ares Private Equity Group and Oaktree Capital Management, through a $75 million LBO on April 13, 2023. The company is an online retailer of clothing intended to provide designer men’s apparel.

Brackenrigg Inn and Brewery / Undisclosed Investor: The company, a subsidiary of Colliers was acquired for an undisclosed amount on April 11, 2023. The company is an operator of an inn and microbrewery based in Watermillock, United Kingdom.

EZ Go / Love’s Travel Stops & Country Stores: The company, a subsidiary of Carey Johnson Oil Company was acquired by Love’s Travel Stops & Country Stores for an undisclosed amount on April 13, 2023. The company is an operator of convenience stores based in Oklahoma City, Oklahoma.

General Assembly Pizza / Piano Piano: The company, a subsidiary of General Assembly (Food Products) was acquired by Piano Piano for an undisclosed amount on April 14, 2023. The company is an operator of frozen pizza restaurants in Toronto, Canada.

Koa / Happy Belly Food Group: The company reached a definitive agreement to be acquired by Happy Belly Food Group for CAD 1.75 million on April 10, 2023. The company is a producer of organic food snacks made with ethical and sustainable ingredients.

Legacy Bakehouse / Benford Capital Partners: The company was acquired by Benford Capital Partners through an LBO on April 10, 2023 for an undisclosed amount. The company is a producer of snack products based in Waukesha, Wisconsin.

O Olive Oil & Vinegar / Colavita USA: The company was acquired by Colavita USA for an undisclosed amount on April 10, 2023. The company is a producer of olive oils and wine vinegar in California.

Slade Gorton & Company / Cooke Aquaculture: The company was acquired by Cooke Aquaculture for an undisclosed amount on April 14, 2023. The company is a manufacturer and distributor of seafood based in Massachusetts, United States.

Sullivan’s Foods / Coborn’s: The company reached a definitive agreement to be acquired by Coborn’s for an undisclosed amount on April 16, 2023. The company is an operator of grocery store chain based in Illinois.

Wyoming Whiskey / The Edrington Group: The company was acquired by The Edrington Group for an undisclosed amount on April 11, 2023. The company is a producer of American whiskey.