Consumer Private Placement and M&A Transactions Review Week Ending December 29, 2024

Oishii: The company raised $150 million in Series B venture funding in a deal led by Nippon Telegraph & Telephone and Resilience Reserve on December 17, 2024, putting the company’s pre-money valuation at $465 million. Mizuho Bank, Mitsubishi Shokuhin Company, Yaskawa Electric, Hakuhodo DY Ventures, Daiwa House Ventures, Inspire, McWin Capital Partners, EBITDA Investments, Mobile Internet Capital, Rivercrest Global, Bloom8, Miyako Capital, Japan Green Investment Corporation for Carbon Neutrality, and other undisclosed investors also participated in the round. The company is an operator of a controlled environment agriculture indoor vertical farming business for commercial strawberry production.

Sound Agriculture: The company raised $100 million of Series D venture funding in a deal led by S2G Ventures, Chan Zuckerberg Initiative and BMO Capital Markets on December 17, 2024, putting the company’s pre-money valuation at $275 million. Syngenta Group Ventures, Cavallo Ventures, Leaps by Bayer, FootPrint Coalition Ventures, Evolutionary Ventures, Northpond Ventures and Fall Line Capital also participated in the round. The company is a producer of nutrient enhancement products for crops intended to improve harvest yields and water use efficiency.

Terviva: The company raised $46.2 million of venture funding from Chevron Renewable Energy Group and other undisclosed investors on December 20, 2024. The company is an operator of an agriculture and food technology business that delivers protein and oil food ingredients from the Pongamia tree.

GORGIE: The company raised $19.8 million in Series A venture funding from undisclosed investors on December 19, 2024, putting the company’s pre-money valuation at $77.2 million. The company is a producer of energy drinks.

Condado Tacos: The company received $15 million of development capital from undisclosed investors on December 26, 2024. The company is an operator of a chain of restaurants across Ohio that specializes in tacos, tequila, and margaritas.

Yeastup: The company raised CHF 8.9 million of Series A venture funding from Beyond Impact, Newtree Impact and Gentian Investments on December 17, 2024. Angel House and other undisclosed investors also participated in the round. The company is an operator of a food tech business that upcycles yeast by-products from the beer-brewing process into protein and fiber ingredients.

Explorer Cold Brew: The company raised $1 million of venture funding from undisclosed investors on December 16, 2024. The company is a specialty coffee business that produces cold brew coffee concentrates.

Maison DUPREZ: The company received an undisclosed amount of development capital from Unigrains on December 18, 2024. The company is a manufacturer of artisan biscuit and confectionery products based in Lambersart, France.

Nutri&Co: The company received an undisclosed amount of development capital from Goodgrower on December 20, 2024. The company is a developer of food supplements for fitness enthusiasts.

Tropical Cheese Industries: The company received an undisclosed amount of development capital from AUA Private Equity Partners and Avance Investment Management on December 16, 2024. The company is a producer of Hispanic cheese, meat, and other food products located in Perth Amboy, New Jersey.

The Duckhorn Portfolio / Butterfly Equity: The company was acquired by Butterfly Equity through a $1.95 billion public-to-private LBO on December 24, 2024. The Duckhorn Portfolio Inc produces luxury and ultra-luxury wine across a portfolio of winery brands, including Duckhorn Vineyards, Paraduxx, Goldeneye, Migration, Decoy, Canvasback, Calera, Kosta Browne, Greenwing and Postmark.

Double or Nothing / Agrify: The company was acquired by Agrify for $4.9 million on December 16, 2024. The company produces the Señorita brand of hemp-derived legal THC drinks.

Aplantis / ARCUS Capital: The company was acquired by ARCUS Capital through an LBO on December 20, 2024 for an undisclosed amount. The company is a provider of natural raw materials intended for use in the nutritional supplements, food, beverages, cosmetics, pet, and feed industries.

Atlantic Capes Fisheries / Northern Wind: The company was acquired by Northern Wind, via its financial sponsor ACON Investments, through an LBO on December 23, 2024 for an undisclosed amount. The company is an operator of an integrated seafood business with vessels, unloading facilities and processing plants.

ATOMBODY / Proteini.si: The company was acquired by Proteini.si, via its financial sponsors Generali Insurance Asset Management and ALFI PE, through an LBO on December 24, 2024 for an undisclosed amount. The company is an operator of an online platform and physical stores for sports nutrition products.

Azeda Unlimited Company / Mayfair Equity Partners: The company entered into a definitive agreement to be acquired by Mayfair Equity Partners through an LBO on December 23, 2024 for an undisclosed amount. The company is a producer and distributor of food products based in Dublin, Ireland.

BASF / ADQ: Louis Dreyfus Company, via its financial sponsor ADQ, entered into a definitive agreement to acquire the food and health performance ingredients business of BASF through an LBO on December 23, 2024 for an undisclosed amount. The company is a provider of food and health performance ingredients.

Conimex / Paulig Group: The company, a subsidiary of Unilever was acquired by Paulig Group for an undisclosed amount on December 18, 2024. The company is a manufacturer of Asian-inspired food products.

Dark Matter Distillers / Ardent Spirit: The company was acquired by Ardent Spirit for an undisclosed amount on December 16, 2024. The company is a producer of alcoholic beverages based in Aberdeenshire, Scotland.

Het Anker / Brouwerij Huyghe: The company was acquired by Brouwerij Huyghe for an undisclosed amount on December 26, 2024. The company is an operator of a brewery business based in Mechelen, Belgium.

Horizon Beverage Group / Southern Glazer’s Wine and Spirits: The company was acquired by Southern Glazer’s Wine and Spirits for an undisclosed amount on December 27, 2024. The company is a distributor of alcoholic beverages based in Norton, Massachusetts.

Huguier Freres / Alliance: The company was acquired by Alliance for an undisclosed amount on December 23, 2024. The company is a distributor and wholesaler of meat products to school catering companies and food retailers.

Indo-European Foods / Ziyad Brothers Importing: The company was acquired by Ziyad Brothers Importing, via its financial sponsor Peak Rock Capital, through an LBO on December 20, 2024 for an undisclosed amount. The company is a an importer and distributor of specialty food products from Europe.

JM Exotic Foods / Midas Foods International: The company was acquired by Midas Foods International for an undisclosed amount on December 20, 2024. The company is an operator of a custom spice and herb blending facility.

Milcobel / FrieslandCampina: The company entered into a definitive agreement to be acquired by FrieslandCampina, via its financial sponsors FMO Entrepreneurial Development Bank and International Finance Corporation, through an LBO on December 18, 2024 for an undisclosed amount. The company is an operator of a dairy products business.

Pickers Vodka / Big Machine Vodka: The company, a subsidiary of Pennington Distilling, was acquired by Big Machine Vodka for an undisclosed amount on December 16, 2024. The company is a producer of vodka and alcoholic beverages located in Nashville, Tennessee.

Sahale Ale Works / Gathering Place Brewing: The company was acquired by Gathering Place Brewing for an undisclosed amount on December 16, 2024. The company is an operator of a brewery based in Grafton, Wisconsin.

Savage & Cooke Distillery / Purple Wine + Spirits: The company was acquired by Purple Wine + Spirits for an undisclosed amount on December 20, 2024. The company is an operator of a distillery that produces bourbon, whiskey and rye alcoholic beverages.

Seoul Juice / FoodStory Brands: The company was acquired by FoodStory Brands for an undisclosed amount on December 19, 2024. The company is a producer of sugar-free juices.

Wisefood / Leef Blattwerk: The company was acquired by Leef Blattwerk for an undisclosed amount on December 17, 2024. The company is a manufacturer of sustainable tableware products.