Consumer Private Placement and M&A Transactions Review Week Ending August 18, 2024

Terviva: The company raised $36.2 million of venture funding from undisclosed investors on August 13, 2024. The company is an operator of a food technology business intended to deliver protein and oil ingredients from Pongamia trees.

Chowbus: The company raised an additional $20 million of Series D venture funding from undisclosed investors on August 12, 2024, putting the company’s pre-money valuation at $115 million. The company is a developer of a restaurant technology and food delivery platform.

Luum: The company raised $13.3 million of venture funding from undisclosed investors on August 15, 2024. The company is a developer of AI-powered robotic technology designed for the application of lash extensions.

Brother’s Bond: The company raised $4.9 million of venture funding from undisclosed investors on August 16, 2024. The company is a producer of alcoholic distilled and crafted bourbon beverages.

All Real Nutrition: The company raised EUR 2 million of venture funding from undisclosed investors on August 14, 2024. The company is a manufacturer of protein bar products.

Siempre Tequila: The company raised $2.1 million of venture funding from Wealthlete, Morrison Seger and other undisclosed investors on August 15, 2024. The company is a producer of tequila-based alcoholic beverages.

Alice: The company raised an undisclosed amount of venture funding from L Catterton, Mandi Ventures and Zac Efron on August 14, 2024. Pedro Pascal, Kevin Hart and Red Flyer Investments also participated in the round. The company is a producer of functional mushroom chocolates intended to offer focused and deep sleep.

Mallows Beverages: The company raised an undisclosed amount of venture funding from Development Bank of Wales and the Welsh Government on August 12, 2024. The company is an operator of a distillery and bottling brand intended to distribute alcoholic beverages to global retailers.

MaryRuth Organics: The company received an undisclosed amount of development capital from King Street Capital Management on August 15, 2024. The company is a manufacturer of organic supplement products.

Snak King: The company received an undisclosed amount of development capital from Falfurrias Capital Partners on August 16, 2024. The company is a manufacturer of private label, co-manufactured and branded salty snacks.

Kellanova / Mars: The company reached a definitive agreement to be acquired by Mars for $36 billion on August 14, 2024. Kellanova (previously the global snacking arm of Kellogg) has operated as a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods.

Cheney Brothers / Performance Food Group: The company reached a definitive agreement to be acquired by Performance Food Group for $2.1 billion on August 14, 2024. The company is a distributor of food and grocery products intended to provide customers with fresh produce.

Tacala / Altamont Capital Partners: The company was rolled into the continuation fund Altamont Capital Partners CF by Altamont Capital Partners and its management through an estimated $512 million deal on August 14, 2024. The company is an operator of a food restaurant chain based in Vestavia Hills, Alabama.

Baird Produce / South Mill Champs Mushrooms: The company was acquired by South Mill Champs Mushrooms, via its financial sponsor Eos Partners, through an LBO on August 14, 2024 for an undisclosed amount. The company is a distributor of mushrooms, fruits and vegetables based in Tampa, Florida.

Dry Fly Distilling / Wagner Family Of Wine: The company was acquired by Wagner Family Of Wine for an undisclosed amount on August 13, 2024. The company is an operator of a distillery based in Spokane, Washington.

Glenn Wayne / Tide Rock: The company was acquired by Tide Rock through an LBO on August 13, 2024 for an undisclosed amount. The company is an operator of a wholesale bakery serving high-end thaw-to-serve baked goods.

Hop Valley Brewing Company / Tilray Brands: The company, a subsidiary of Tenth & Blake was acquired by Tilray Brands, a subsidiary of Aphria, for an undisclosed amount on August 13, 2024. The company is an operator of an alcoholic beer brewery based in Eugene, Oregon.

Local Choice Spirits / Metavesco: The company reached a definitive agreement to be acquired by Metavesco for an undisclosed amount on August 16, 2024. The company is an operator of a private-label brand management company intended to create boutique and celebrity spirits brands.

Omega Yeast Labs / ABbiotek Health: The company was acquired by AB Mauri North America, a division of ABbiotek Health, for an undisclosed amount on August 14, 2024. The company is a producer of fresh and pure liquid brewers yeast.

Revolver Brewing / Tilray Brands: The company, a subsidiary of Tenth & Blake, reached a definitive agreement to be acquired by Tilray Brands, a subsidiary of Aphria, for an undisclosed amount on August 13, 2024. The company is an operator of a brewery intended to produce craft beer.

Terrapin Beer / Tilray Brands: The company reached a definitive agreement to be acquired by Tilray Brands, a subsidiary of Aphria, for an undisclosed amount on August 14, 2024. The company is a producer of alcoholic beverages.

Truss Beverages / Ya Ya Foods: The company, a subsidiary of Tilray Brands was acquired by Ya Ya Foods, via its financial sponsors Entrepreneurial Equity Partners and Audax Private Equity, through an LBO on August 16, 2024 for an undisclosed amount. The company is a producer of non-alcoholic, cannabis-infused beverages.