Consumer Private Placement and M&A Transactions Review Week Ending April 2, 2023

LesserEvil: The company received $19.1 million of development capital from undisclosed investors on March 27, 2023. The company is a producer of packaged organic and plant-based snacks.

JackBe: The company raised $11.1 million of venture funding from GP Investments, Charity Woodard and Michael Woodard on March 29, 2023. The company is an operator of an online grocery shopping platform.

Nara Organics: The company raised $10.5 million of Series A venture funding in a deal led by AlleyCorp, Platinum Mile Ventures and Torch Capital on March 30, 2023, putting the company’s pre-money valuation at $40 million. Company Ventures and Corazon Capital also participated in the round. The company is a producer of an organic infant formula.

The Naked Market: The company raised $7 million of venture funding in a deal led by Palm Tree Crew Investments on March 30, 2023. Hershey, UTA Ventures, Priyanka Chopra, Ryan Tedder, David Grutman, Mindy Kaling, Joe Haden and Glen Powell also participated in the round. The company is a producer of health-oriented snack foods and beverages focused on millennials.

Drake’s Organic Spirits: The company raised $6.7 million of venture funding from undisclosed investors on March 30, 2023. The company is a producer and distributor of craft spirits and cocktails sold online and through selected retail outlets.

Pottsalat: The company raised EUR 3 million of venture funding from Wi Venture, Dr Hans Christian Limmer and Dr Dirk Schneider on March 29, 2023. The company is a producer of freshly prepared salads.

Kerry Group / IRCA Group: The sweet ingredients portfolio of Kerry Group was acquired by IRCA Group, via its financial sponsor Advent International, through a EUR 500 million LBO on March 27, 2023. The company is a manufacturer of sweet and cereal products intended to serve end markets of bakery, cereal, confectionery, dairy and ice cream.

Champagne Henriot / Terroirs et Vignerons de Champagne: The company, a subsidiary of Château Latour was acquired by Terroirs et Vignerons de Champagne for an undisclosed amount on March 28, 2023. The company is a producer of champagne based in Reims, France.

Chocolat Debauve Et Gallais / Vesper Investissement: The company was acquired by Vesper Investissement through an LBO on March 28, 2023 for an undisclosed amount. The company is a producer of chocolates based in Paris, France.

Galileo Lebensmittel / Oetker Group: The company was acquired by Oetker Group for an undisclosed amount on March 28, 2023. The company is a producer of frozen food pizza and snacks based in Trierweiler, Germany.

I Love Juice Bar / Main Squeeze Juice: The company was acquired by Main Squeeze Juice for an undisclosed amount on March 28, 2023. The company is a producer of fruit juices based in Brentwood, Tennessee.

Pretty Sweet / Individual Investor: The company was acquired by Mr. Graham Hornigold for an undisclosed amount on March 27, 2023. The company is a provider of a patisserie catering service based in London, England.

Western Smokehouse Partners / AUA Private Equity Partners: The company was acquired by AUA Private Equity Partners and Colpatria Capital through an LBO on March 28, 2023 for an undisclosed amount. The company is a contract manufacturer (co-packing, private label, and branded products) of smoked meat snacks for emerging and established brands, as well as large retailers.