Consumer Private Placement and M&A Transactions Review Week Ending August 14 2022

Strategy | Financing Highlight
“Three to five years ago, the big strategics were sprinkling money around, but you are now seeing more focus from them,” said Jonathan Hodson-Walker, managing partner of Silverwood Partners, an investment banking firm that advises CPG brands. “The strategics are still making minority investments, but they are less interested in buying small brands that are experimental and can’t be $100M businesses. Supply chains and scale are very important to them right now.”
Silverwood Partners Features in Organic Insider – Read the article here
Private Placement / Financing TransactionsPreciTaste: The company raised $24 million of Series A venture funding in a deal led by Melitas Ventures and Cleveland Avenue on August 9, 2022. Union Square Hospitality Group and other undisclosed investors also participated in the round. The company is a developer of a suite of artificial intelligence software designed to provide operational insights and actively manage tasks in the kitchen or store.

KatKin: The company raised $22 million of Series A venture funding in a deal led by Perwyn Advisors and Verlinvest on August 8, 2022. Octopus Ventures, Kreos Capital and other undisclosed investors also participated in the round. The company is a producer of direct-to-consumer cat food products that are personalized for each cat, and healthy and nutritious.

Eat The Change: The company raised $14.5 million of venture funding from Collaborative Fund and other undisclosed investors on August 10, 2022. The company is a producer of nutrient-dense, organic, plant based snack food products that are sold direct to the consumer, and through wholesale distribution.

Positive Food Co: The company raised $7 million of venture funding from BlueYard Capital, Western Technology Investment and Y Combinator on August 12, 2022. Nick Green, Max Mullen, James Park, Solomon Hykes, Marcelo Cortes, Josh Hix, Mike Hurst, Naveen Selvadurai, Matt Mullenweg, Jonathan Wegener and Scott Belsky also participated in the round. The company provides freshly packaged salads, heat-and-eat prepared meals and vegan overnight oats distributed through major retailers.

Dos Hombres: The company raised $3.8 million of venture funding from undisclosed investors on August 10, 2022. The company is a producer of handcrafted mezcal alcoholic beverages.

EcoRobotix: The company is in the process of raising Series B venture funding on August 8, 2022. The company is a developer of autonomous machines intended for the ecological and economical weeding of row crops, meadows, and inter-cropping cultures.

Scout Distribution: The company announced it will raise $3.5 million amount of venture funding on August 11, 2022. The company is an independent craft beer and wine beverage distributor and wholesaler based in San Diego, CA.
M&A TransactionsFourpure Brewing / Odyssey Inns: The company, a subsidiary of Lion, was acquired by Odyssey Inns for an undisclosed amount on August 8, 2022. The company is an operator of a brewery based in London, United Kingdom.

King’s Command Foods / Premium Brands: The company was acquired by Premium Brands for an undisclosed amount on August 9, 2022. The company is a manufacturer of pre-cooked and ready-to-cook meat products intended to provide quality and portion controlled meals.

Lavva / Next in Natural: The company was acquired by Next in Natural for an undisclosed amount on August 10, 2022. The company is a producer of plant-based superfoods intended to offer nourishing and functional food alternatives.

Magic Rock Brewing Company / Odyssey Inns: The company, a subsidiary of Lion was acquired by Odyssey Inns for an undisclosed amount on August 8, 2022. The company is a producer of craft beer based in Huddersfield, United Kingdom.

MENU Technologies / Par Technology: The company was acquired by Par Technology for an undisclosed amount on August 9, 2022. The company is a developer of integrated omnichannel digital order and engagement services designed for restaurant brands across all channels from mobile to kiosk and web.

Mill Creek Cheese / V&V Supremo Foods: The company was acquired by V&V Supremo Foods for an undisclosed amount on August 10, 2022. The company is a producer of cheese based in Madison, Wisconsin.

Morubel / Cooke Aquaculture: The company was acquired by Cooke Aquaculture for an undisclosed amount on August 9, 2022. The company is a producer of frozen shrimp and other seafood products based in Oostende, Belgium.

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