Consumer Private Placement and M&A Transactions Review Week Ending February 12 2023

Gousto: The company raised EUR 50 million of venture funding from undisclosed investors on February 7, 2023. The company is a provider of cook-at-home meal kit services intended to offer curated and easy-to-make food.

Springworks Farm: The company raised $22 million of venture funding through a combination of debt and equity in a deal led by Blue Highway Capital on February 7, 2023. The company is an operator of an organic farm intended to grow certified organic lettuce.

Futura Gaïa: The company raised EUR 11 million of venture funding from A+ Finance, UI Investissement and CAAP Creation on February 10, 2023. Inco Ventures, Occipac, Banque des Territoires and Colam Impact also participated in the round. The company is a developer of vertical agriculture systems designed for controlled environment farming.

Croptimistic Technology: The company raised $9.1 million of Series B venture funding from Forage Capital Partners on February 9, 2023. The company is a developer of an agriculture technology platform designed to create soil-type mapping software and hardware.

The Ugly Company: The company raised $9 million of Series A venture funding in a deal led by Value Creation and Sun Valley Packing on February 7, 2023. Justin Timberlake and Valley Ag Capital Holdings also participated in the round. The company is a producer of dried fruit snack products made from upcycled fruits.

NeuroGum: The company raised $8.3 million of venture funding from undisclosed investors on February 8, 2023. The company is a producer of functional chewing gums and breath mints intended to energize and calm.

Mium Lab: The company raised EUR 5 million of venture funding from M6 Investment Group on February 6, 2023. The company is a provider of vegan vitamins and food gummy supplements.

El Rayo: The company raised $1 million of venture funding in a deal led by Rianta Capital Zurich on February 9, 2023. Logan Plant, Nicholas Hoult and other undisclosed investors also participated in the round. The company is an operator of an e-commerce platform for selling distilled beverages.

Tahoe Blue Vodka: The company raised approximately $1 million of venture funding from undisclosed investors on February 9, 2023. The company produces and sells Tahoe Blue craft vodka.

D’Ussé / Bacardi: The company was acquired by Bacardi for $1.5 billion on February 6, 2023. The company is a provider of alcoholic beverages headquartered in London, United Kingdom.

The J.M. Smucker Co Pet Food Brands / Post Holdings: The J.M. Smucker Co. reached a definitive agreement to sell certain pet food lines, including Rachael Ray Nutrish, 9Lives, Kibbles ’n Bits and other brands to Post Holdings for $1.21 billion as of February 8, 2023. The transaction is expected to be completed by June 30, 2023.

Yucatan Foods / BlackRock: The company, a subsidiary of Lifecore Biomedical (Landec), was acquired by Flagship Food Group via its financial sponsors’ Committed Advisors, CREO Capital Partners, Kline Hill Partners, PineBridge Investments and BlackRock, through a $17.5 million LBO on February 7, 2023. The company is a producer and distributor of packaged avocado-based food products across the United States and Canada.

Trunki / Heroes: The company was acquired by Heroes for an estimated GBP 12 million on February 5, 2023. The company offers products including rideable children’s luggage, ride-on suitcases, stackable toy boxes, plush wraps and a backpack booster seat, enabling users to ease the complexities of traveling with children.

Fresh2 Ecommerce / AnPac Bio-Medical Science: The company reached a definitive agreement to be acquired by AnPac Bio-Medical Science for $2.1 million on February 7, 2023 payable in the form of 5,440,420 newly issued Class A ordinary shares of the Company. The company is a provider of online specialty food distribution services intended for sourcing specialty ingredients for Asian cuisine.

Burts Snacks / Apax Partners: The company entered into a definitive agreement to be acquired by Europe Snacks, via its financial sponsors Apax Partners, CIC Private Debt, Crédit Mutuel Equity and Societe Generale Capital Partenaires, through an LBO on February 8, 2023 for an undisclosed amount. The company is a producer of potato chips based in Plymouth, United Kingdom.

Cappuccine / Apax Partners: The company was acquired by Routin, via its financial sponsors Apax Partners, Crédit Mutuel Equity and UI Investissement, through an LBO on February 8, 2023 for an undisclosed amount. The company is a provider of mixes for beverages cafes, coffeehouses, restaurants and hotels in the US and around the world.

Drino Drinks / JJ Mahon & Sons: The company was acquired by JJ Mahon & Sons for an undisclosed amount on February 6, 2023. The company is a provider of beverage products intended to serve the hospitality industry.

Evansville Coffee Company / Honey Moon Coffee Co.: The company was acquired by Honey Moon Coffee for an undisclosed amount on February 6, 2023. The company is an operator of an online retail website specializing in buying, processing, and roasting coffee beans as well as coffee-related products.

Franco Baking Company / Roundabout Catering: The company was acquired by Roundabout Catering for an undisclosed amount on February 8, 2023. The company is a supplier of bakery bread catering to northern Nevada and Lake Tahoe.

Henry’s Foods / Amcon Distributing: The company was acquired by Amcon Distributing for an undisclosed amount on February 6, 2023. The company is a provider of food distribution services catering to food service accounts, convenience and grocery stores.

Hillcrest Food Service / Latina Boulevard Foods: The company was acquired by Latina Boulevard Foods, via its financial sponsor The Anderson Group, through an LBO on February 6, 2023 for an undisclosed amount. The company is a distributor of food products intended to serve pubs and restaurants.

J.A. ter Maten / Plukon Food Group: The company was acquired by Plukon Food Group for an undisclosed amount on February 6, 2023. The company is a producer of poultry and poultry meat products.

North Scott Foods / Hy-Vee: The company reached a definitive agreement to be acquired by Hy-Vee for an undisclosed amount on February 9, 2023. The company is a distributor of food products to customers in United States.

Vision Bioenergy Oilseeds / Equilon Enterprises, S&W Seed: The company was formed as a joint venture between S&W Seed and Equilon Enterprises on February 02, 2023. The company is a developer of plant genetics intended for oil seed crops as feedstocks for biofuel production.

Yerbaé / Kona Bay Technology: The company was acquired by Kona Bay Technology for an undisclosed amount on February 9, 2023. The company is a producer of plant-based functional beverage made with yerba mate & white tea.