Consumer Private Placement and M&A Transactions Review Week Ending August 25, 2024

Papa’s Pilar: The company received $15 million of development capital from undisclosed investors on August 19, 2024. The company is a manufacturer of multi-sourced rums and alcoholic beverages.

Grüns: The company raised $11.1 million of venture funding in the form of convertible debt from Vanterra Ventures, Selva Ventures and Able Partners on August 21, 2024. SilverCircle, Grt Sht Ventures and Sugar Capital also participated in the round. The company is an operator of a daily nutrition gummy brand.

Wingtra: The company raised CHF 8.8 million of Series B1 venture funding from Cadence Growth Capital, Spring Mountain Capital and DiamondStream Partners on August 19, 2024, putting the company’s pre-money valuation at CHF 150 million. EquityPitcher Ventures, RKKVC, SymbiaVC and Helvetic Trust also participated in the round. The company is a manufacturer of drone technology for the inspection of agriculture fields, forests, mining, and construction areas.

Create: The company raised $7.3 million of venture funding from undisclosed investors on August 22, 2024. The company is a producer of a creatine supplement intended to enhance a customer’s body stores of phosphocreatine.

FARE: The company raised $1.8 million of venture funding from undisclosed investors on August 21, 2024. The company is an operator of a restaurant intended to offer plant-based and dietary restriction-friendly food options.

MyMuse: The company raised $1.2 million of venture funding from undisclosed investors on August 23, 2024. The company is a producer of a functional beverage brand intended to offer healthy soda drinks.

Ceres AI: The company raised an undisclosed amount of Series D venture funding in a deal led by REMUS Capital on August 22, 2024. The company is a provider of AI-driven technology to protect farm yield and advance climate resiliency.

Dohneny Road Spirit: The company received an undisclosed amount of development capital from Royal Eagle on August 22, 2024. The company is a manufacturer of spirits based in Beverly Hills, California.

7-Eleven / Alimentation Couche-Tard: The company has received a bid to be acquired by Alimentation Couche-Tard for $31 billion on August 19, 2024. The company is an operator of retail convenience stores intended to offer a one-stop shop for daily necessities of consumers.

Abelei / T.Hasegawa: The company reached a definitive agreement to be acquired by T.Hasegawa for $48 million on August 23, 2024. The company is a manufacturer of custom flavor solutions catering to beverage, confectionary, dairy, food, health and nutrition, and pet industries.

Böhme / Unified Commerce Group: The company received an undisclosed amount of financing from Unified Commerce Group on August 19, 2024. The company is a retailer of women’s clothing, accessories, and jewellery with multiple store locations across Utah, Idaho, Montana, and Arizona.

ClearSpot / Comitis Capital: The company was acquired by Comitis Capital through an LBO on August 20, 2024 for an undisclosed amount. The company is a producer and supplier of organic tofu products based in Malton, England.

Droste / Pauwels Engineering: The company, a subsidiary of HOSTA – Werk für Schokolade-Spezialitäten, was acquired by Pauwels Engineering for an undisclosed amount on August 21, 2024. The company is a manufacturer of chocolate products based in Vaassen, Netherlands.

Ellison Bakery / MidOcean Partners: The company was acquired by QualiTech, via its financial sponsor MidOcean Partners, through an LBO on August 21, 2024 for an undisclosed amount. The company is a producer of baked food products intended to serve retail, food service, private label and industrial end markets.

Fortress Beerworks / B-52 Brewing: The company reached a definitive agreement to be acquired by B-52 Brewing for an undisclosed amount on August 22, 2024. The company is an operator of a brewery based in Spring, Texas.

Laura Chavin Cigars / Individual Investor: The company was acquired for an undisclosed amount by Willi Knopf on August 25, 2024. The company is an operator of a premium cigar brand.

Pamela’s Products / Fengate Asset Management: The company, a subsidiary of Ancient Harvest, was acquired by Saco Foods, via its financial sponsors Weathervane Investment and Fengate Asset Management, through an LBO on August 21, 2024 for an undisclosed amount. The company is a manufacturer of gluten-free food products based in Golden, Colorado.

SirDavis Whisky / LVMH Moet Hennessy Louis Vuitton: LVMH Moet Hennessy Louis Vuitton and Ms. Beyoncé Knowles-Carter have entered into an agreement to form a joint venture as of August 20, 2024. The company is an operator of an alcohol brand based in Houston, Texas.

Sonoma Coast Vineyards / Foley Family Wines: The company, a subsidiary of Vintage Wine Estates has received bids to be acquired by Foley Family Wines for an undisclosed amount on August 21, 2024. The company is a producer of wine based in California.

Vion / Erzeugergemeinschaft Südbayern: Erzeugergemeinschaft Südbayern reached a definitive agreement to acquire the Vilshofen and Landshut Operations of Vion for an undisclosed amount on August 19, 2024. The company is a producer of meat, based in Germany.