Consumer Private Placement and M&A Transactions Review Week Ending April 23, 2023

Getir: The company raised $300 million of venture funding from Mubadala Investment Company on April 20, 2023, putting the company’s pre-money valuation at $6.2 billion The company is a developer of an online marketplace application designed to offer delivery of groceries and other goods.

KoRo: The company raised EUR 70 million of Series B venture funding in a deal led by HV Capital on April 20, 2023. SevenVentures, Associated British Foods, Haub Legacy Ventures, Five Seasons Ventures, Partech, Philipp Westermeyer, and Kreos Capital also participated in the round. The company is a retailer of nut butters, snacks, and other better-for-you products sold through multiple retail channels.

Casa Azul: The company raised $45.5 million of venture funding from Reform Ventures and other undisclosed investors on April 18, 2023. The company is a producer of craft tequila alcoholic beverages.

CropX: The company raised $30 million of Series C venture funding in a deal led by Aliaxis on April 19, 2023. Reinke, NTT Finance, Victrix, Finistere Ventures, OurCrowd, Yair Shamir and Edaphon also participated in the round. The company is a developer of cloud-based analytics software intended to provide crop yield improvement tools.

BioConsortia: The company raised $15 million of venture funding from undisclosed investors on April 20, 2023. The company is a developer of microbial products designed to increase crop yields and reduce chemical inputs into the environment.

Roar: The company raised $10 million of venture funding from undisclosed investors on April 18, 2023. The company is a producer of sports energy drinks and powders sold online and through conventional retail channels.

Cure: The company raised $5.6 million of Series A1 venture funding in a deal led by Lerer Hippeau on April 17, 2023. Valedor Partners, Silas Capital, Eastward Capital Partners, Ambush Capital, Simple Food Ventures, Social Starts, Great Oaks Venture Capital, Kim Clijsters, Andy Roddick, Matthew Dellavedova, Philip Krim, Nick Green, and Litani Ventures also participated in the round. The company is a producer of hydration and functional powder products sold online and through conventional retail channels.

Minagro: The company raised EUR 1.2 million of venture funding in a deal led by Arnold de Maere on April 18, 2023. K&E, Invest.BW and other undisclosed investors also participated in the round. The company is a developer of agrochemical products intended to improve crop production.

Bobby’s Foods / A&M Capital: The company was acquired by A&M Capital through an LBO on April 21, 2023 for an undisclosed amount. The company is a producer and distributor of packaged consumer sweets and snacks.

Frozen Pizza Business in Europe / Nestlé: Nestlé and private equity firm PAI Partners have entered into an agreement to form a joint venture for Nestlé’s frozen pizza businesses in Europe. The company will be headquartered in Germany and operate two facilities, one in Nonnweiler, Germany, and the other in Benevento, Italy.

Greensbury Market / Rastelli Foods Group: The company was acquired by Rastelli Foods Group for an undisclosed amount on April 20, 2023. The company is an operator of an online butcher shop.

Hosh International / Benford Capital Partners: The company was acquired by Brothers International Food, via its financial sponsor Benford Capital Partners, through an LBO on April 17, 2023 for an undisclosed amount. The company is a distributor of fruit and vegetable juice concentrates and purees intended for global consumer packaged goods companies.

Kafoodle / 365 Retail Markets: The company was acquired by 365 Retail Markets, via its financial sponsors ACE & Company, Blue Star Innovation Partners, McCarthy Capital and Providence Equity Partners, through an LBO on April 18, 2023 for an undisclosed amount. The company is a developer of menu management software tools intended for the food industry.

Manufacturing Operations of Weaver Popcorn / Hershey: The Manufacturing Operations of Weaver Popcorn Manufacturing reached a definitive agreement to be acquired by Hershey for an undisclosed amount on April 17, 2023. The company is a producer of popcorn based in the United States.

Pierre Marcolini Group / MBK Partners: The company was acquired by MBK Partners through an LBO on April 18, 2023 for an undisclosed amount. The company is a producer of gourmet chocolates and confectionery products based in Brussels, Belgium.

Riazul Imports / Terlato Wine Group: The company was acquired by Terlato Wine Group for an undisclosed amount on April 19, 2023. The company is a producer of tequila based in Houston, Texas.

Run Everything / REDCON1: The company was acquired by REDCON1, via its financial sponsor Trivest Partners, through an LBO on April 20, 2023 for an undisclosed amount. The company is a provider of fitness supplements and products based in Kalispell, Montana.

St. Pierre / Bourgonjon: The company was acquired by Bourgonjon for an undisclosed amount on April 19, 2023. The company is an operator of an online fresh meat delivery platform.

Wine Warehouse / Breakthru Beverage Group: The company was acquired by Breakthru Beverage Group for an undisclosed amount on April 17, 2023. Wine Warehouse is a multi-generational, family-owned and operated, wholesale distributor of fine wine, beer and spirits in California.