Consumer Private Placement and M&A Transactions Review Week Ending December 18 2022

The Rainforest Company: The company raised EUR 36 million of venture funding in a deal led by Kaltroco on December 16, 2022. Corecam Capital Partners, Futury Capital and Katjesgreenfood GmbH & Co. KG also participated in the round. The company is a provider of ready-to-eat frozen food breakfast products.

Ferme D’hiver: The company raised CAD 46 million of venture funding from Investissement Québec and Government of Quebec on December 14, 2022. The company is an operator of vertical farms intended to increase food self-sufficiency and protect the environment.

Alpha-Protein: The company closed on EUR 25 million of an undisclosed targeted amount of Series A venture funding on December 15, 2022. The company is an operator of an agriculture technology company designed for the production of mealworms.

Poppi: The company raised $25 million of Series B venture funding in a deal led by CAVU Consumer Partners on December 13, 2022. The company is a producer of prebiotic soda intended to help improve gut health.

Stout Industrial Technology: The company raised $7.5 million of venture funding from CNH Industrial and other undisclosed investors on December 9, 2022. The company is a manufacturer of agricultural machinery intended to transform high labor processes into faster, automated, and optimal yielding operations.

Bespoken Spirits: The company raised $6.1 million of venture funding from undisclosed investors on December 12, 2022, putting the company’s pre-money valuation at $14.5 million. The company is an operator of a craft whiskey distillery in San Francisco, California.

Nabaco: The company raised $4.4 million of venture funding from undisclosed investors on December 12, 2022. The company is a manufacturer of a fruit protection system designed to extend the shelf life of fruits and vegetables and reduce wastage.

Toast Ale: The company raised GBP 2 million of venture funding from Heineken, Paul Polman, and National Geographic Society on December 13, 2022. The company is a producer of craft beer intended to reduce food waste and raise awareness of environmental issues.

Better Chew: The company raised $1.3 million of venture funding in the form of convertible debt from undisclosed investors on December 16, 2022. The company is a provider of plant-based food products intended to offer substitutes for meat and dairy products.

American Revolution Vodka: The company received an undisclosed amount of development capital from Cypress Ascendant on December 13, 2022. The company is a veteran owned and operated producer of craft distilled alcoholic beverages in Boise, Idaho.

Snappy Shopper: The company raised an undisclosed amount of venture funding from Scottish Enterprise, Highland Europe and Kelvin Capital on December 13, 2022. The company is a developer of a digital e-commerce platform designed to facilitate the delivery of products from convenience stores to consumers.

Wolfson Brands / The Original Fit Factory: The company was acquired by The Original Fit Factory for $137 million on December 13, 2022. The company is an operator of a sports and wellness e-commerce company focused on online retail in the sports nutrition sector.

Waterloo Brewing / Carlsberg: The company reached a definitive agreement to be acquired by Carlsberg for CAD 144 million on December 14, 2022. Waterloo Brewing is Ontario’s largest Canadian-owned brewery and is a regional brewer of award-winning premium and value beers.

Palmetto Gourmet Foods / Borealis Foods: The company entered into a definitive agreement to be acquired by Borealis Foods, via its financial sponsors Rocana Ventures and Cibus Fund, through a $50 million LBO on December 14, 2022. The company is a manufacturer of packaged instant noodles intended to serve customers across the United States.

Abakus Foods / Nurture Brands: The company was acquired by Nurture Brands for an undisclosed amount on December 15, 2022. The company is a producer of plant-based snacks made from seaweed, edamame, broad beans and giant corn intended for healthy eating.

Back To Nature Foods / Barilla Group: The company, a subsidiary of B&G Foods, entered into a definitive agreement to be acquired by Barilla Group, via its financial sponsor Russian Direct Investment Fund, through an LBO on December 2022 for an undisclosed amount. The company is a producer of organic and healthy plant-based foods, including cookies, granola, crackers, and nuts and trail mix.

Black Oak Brewing / Silversmith Brewing: The company was acquired by Silversmith Brewing for an undisclosed amount on December 16, 2022. The company is a producer of beer based in Toronto, Canada.

Bretzel Burgard / Erhard Pâtissier Glacier: The company was acquired by Erhard Pâtissier Glacier for an undisclosed amount on December 15, 2022. The company is a producer of fresh and frozen bread products based in Hoerdt, France.

Elephant Gin / Compagnia Dei Caraibi: The company reached a definitive agreement to be acquired by Compagnia Dei Caraibi for an undisclosed amount on December 13, 2022. The company is a producer of handcrafted gin products based in Wittenburg, Germany.

Imagine Foods / Bush’s: The company, a subsidiary of The Hain Celestial Group was acquired by Bush’s for an undisclosed amount on December 15, 2022. The company is a producer of organic and natural food products.

Just The Cheese / John B. Sanfilippo & Son: The company was acquired by John B. Sanfilippo & Son (NAS: JBSS) for an undisclosed amount on December 16, 2022. The company is a manufacturer of cheese bars based in Reeseville, Wisconsin.

Juvela / S-Ventures: The company, a subsidiary of Hero, was acquired by S-Ventures through an LBO on December 15, 2022 for an undisclosed amount. The company is a producer of gluten-free foods for people medically diagnosed with celiac disease.

New Fruit Group / Organto Foods: The company reached a definitive agreement to be acquired by Organto Foods for an undisclosed amount on December 14, 2022. The company is a producer of fresh fruits intended to vertically integrate the produce supply chain.

Nora’s / Plant Veda Foods: The company was acquired by Plant Veda Foods for an undisclosed amount on December 16, 2022. The company is a producer of plant-based ice cream intended for vegans and lactose-intolerant people.

Papa Pita Bakery / Flowers Foods: The company reached a definitive agreement to be acquired by Flowers Foods for an undisclosed amount on December 13, 2022. The company is a producer and distributor of bakery products serving the Midwest and Western US states.

Pearson Candy / Annabelle Candy Company: The company was acquired by Annabelle Candy Company, via its financial sponsor Promise Holdings, through an LBO on December 13, 2022 for an undisclosed amount. The company is a manufacturer of confectionery products distributed in the United States and Canada.

Red’s All Natural / Bansk Group: The company entered into a definitive agreement to be acquired by Bansk Group and Mr. Michael Adair through an LBO on December 15, 2022 for an undisclosed amount. The company is a producer of natural frozen food products intended to provide healthier food alternatives.