Consumer Private Placement and M&A Transactions Review Week Ending August 7 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 TransactionsSoli Organic: The company raised $39.1 million of venture funding from undisclosed investors on August 1, 2022. The company is a soil-based, controlled environment agriculture business that delivers 100% USDA certified organic produce to more than 20,000 retail stores nationwide.

Cooks Venture: The company raised $35.4 million of venture funding from Vitamin Capital, Cleveland Avenue and other undisclosed investors on August 1, 2022. The company produces and delivers direct to the consumer sustainably, pasture raised meats using environmentally sound agriculture.

xFarm Technologies: The company raised EUR 17 million of Series B venture funding in a deal led by Swisscom Ventures on August 5, 2022. Grey Silo Ventures, United Ventures, NEVA SGR, Emerald Technology Ventures, TiVenture and Nova Capital also participated in the round. The company is a developer of a digital farm management platform designed for the agriculture sector.

Bloomfield Robotics: The company raised $6.1 million of venture funding from undisclosed investors on August 1, 2022. The company is a developer of an agricultural robotics technology that is a combination of ground-based image capture and deep learning-based processing to help growers precisely, efficiently, and affordably assess and manage every plant.

SoFresh: The company raised $3.3 million from Valor Equity Partners and other investors for a total of $5.6 million of venture funding on August 2, 2022. The company is a provider of food packaging materials designed to extend the shelf life of foods and curb the growth of mold on food.

BiOWiSH Technologies: The company raised $5 million of venture funding from an undisclosed investor on August 5, 2022. The company is a developer and manufacturer of innovative biotechnology solutions for the aquaculture, agriculture, and environmental management industries.

Nara Organics: The company raised $4.6 million of venture funding from undisclosed investors on August 4, 2022. The company is a producer of an organic infant formula made with natural ingredients.

It’s Skinny: The company raised $3.8 million of venture funding from undisclosed investors on August 3, 2022. The company is a producer of plant-based pasta made from Konjac, an ancient root vegetable that is naturally low-calorie and low carb.

Ascribe Bioscience: The company raised $3.2 million of venture funding from undisclosed investors on August 3, 2022. The company discovers and develops natural products for crop protection from the soil microbiome, to provide more reliable, affordable, and sustainable disease and pest management solutions.

Casa Del Sol: The company raised $2.6 million of venture funding from undisclosed investors on August 1, 2022. The company is a producer of luxury, premium sipping tequila alcoholic beverages based in Santa Ynez, California.
M&A Transactions

Clif Bar & Company / Mondelez International: The company was acquired by Mondelez International for $2.9 billion on August 1, 2022. The company is a producer of organic energy and nutritional foods and drinks based in Emeryville, California.

Kitchen Basics / Del Monte Foods: The company was acquired from McCormick & Co. by Del Monte Foods, a subsidiary of Del Monte Pacific, for $99 million on August 3, 2022. The company is a producer of ready-to-use conventional and organic liquid stocks and broths for cooking purposes.

CoverCress / Bayer: The company was acquired by Bayer for an undisclosed amount on August 1, 2022. CoverCress is a rotational cash crop which combines grain production with the environmental benefits of a cover crop without displacing other harvests to decrease nitrogen loss, help store carbon in the soil and improve soil health.

Desmet Ballestra Group / Alfa Laval: The company was acquired by Alfa Laval for an undisclosed amount on August 2, 2022. The company is a manufacturer of processing equipment for the oils and fats, and animal feed industries.

Golden Valley Farms / Premium Brands: The company was acquired by Premium Brands for an undisclosed amount on August 5, 2022. The company is a producer of meat products located in Arthur, Ontario.

Hairless Dog Brewing / Finnegans: The company was acquired by Finnegans for an undisclosed amount on August 2, 2022. The company is an operator of an alcohol-free craft beer brewery and brand.

Paniolo Cattle Company / Parker Ranch Foundation Trust: The company was acquired by Parker Ranch Foundation Trust for an undisclosed amount on August 2, 2022. The company is an operator of a cattle farm intended to produce, process and distribute beef products.

The London Coffee Festival / William Reed: The company, a subsidiary of Allegra Group was acquired by William Reed for an undisclosed amount on August 4, 2022. The company is a provider of coffee exhibition events based in London, England.

Categories

Archives