Consumer Private Placement and M&A Transactions Review Week Ending February 26 2023

Choco: The company raised EUR 25 million of venture funding from Coatue Management, Insight Partners, and Left Lane Capital on February 23, 2023. G Squared and Bessemer Venture Partners also participated in the round. The company is a developer of an ingredient ordering application designed to connect restaurants and suppliers from all over the world.

Paleo: The company raised EUR 12 million of Series A venture funding in a deal led by DSM Venturing and Planet A on February 21, 2023. Beyond Impact, Siddhi Capital, Gimv, and SFPIM also participated in the round. The company is an operator of a European food ingredient business created to develop functional meat and fish proteins through precision fermentation.

Kiwibot: The company raised $10 million of venture funding from DiaMedCare on February 22, 2023. The company is a developer of on-demand delivery robots intended to build sustainable robotic delivery infrastructure.

Drake’s Organic Spirits: The company raised $5.4 million of venture funding in the form of convertible debt from undisclosed investors on February 23, 2023. The company is an operator of an online liquor marketplace intended to sell organic spirits.

Poppy Handcrafted Popcorn: The company raised $3 million of Series A venture funding from undisclosed investors on February 22, 2023. The company is a producer of popcorn made from all-natural ingredients based in Ashville, North Carolina.

KA-EX: The company raised $1.1 million of venture funding in the form of convertible debt from undisclosed investors on February 20, 2023. The company is a producer of nutritional dietary supplements intended to help regain energy after sports exercise.

Borealis Foods / Oxus Acquisition: The company reached a definitive agreement to be acquired by Oxus Acquisition through a reverse merger, resulting in the combined entity trading on the Nasdaq under the ticker symbol OXUSU. Borealis is a food technology company that has developed a range of plant-based, ready-to-eat meals, which are sold in the US, Canada, and are expected to be soon sold in Europe.

Caravinsérail / Rhonea: The company was acquired by Rhonea for an undisclosed amount on February 23, 2023. The company is a producer of wine based in Le Thor, France.

Country Charm Eggs / MPS Eggs Farms: The company was acquired by MPS Eggs Farms for an undisclosed amount on February 23, 2023. The company is a producer and distributor of eggs based in Gillsville, Georgia.

Desi Fresh Foods / ICV Partners: The company, a subsidiary of Raymundos Food Group, was acquired by ICV Partners, through an LBO on February 21, 2023 for an undisclosed amount. The company is a producer of Indian-style dairy products.

Jerky-n-Spice / Individual Investor: The company was acquired by Mr. Nate and Ms. Megan Grooms for an undisclosed amount on February 20, 2023. The company is a producer of jerky sauces and spices based in Medina, Ohio.

Kilwins / Levine Leichtman Capital Partners: The company was acquired by Levine Leichtman Capital Partners through an LBO on February 23, 2023 for an undisclosed amount. The company is a manufacturer of premium quality chocolate, ice cream and confectionary products based in Petoskey, Michigan.

Novotaste Corporation / OC Flavors: The company was acquired by OC Flavors, via its financial sponsor Shore Capital Partners, through an LBO on February 21, 2023 for an undisclosed amount. The company is a developer and provider of natural and organic flavors.

Papa Pita Bakery / Flowers Foods: The company was acquired by Flowers Foods for an undisclosed amount on February 20, 2023. The company is a producer and distributor of bakery products throughout the Midwest and Western United States.

Perfectomundo / Entertainment Arts Research: The company was acquired by Entertainment Arts Research for an undisclosed amount on February 22, 2023. The company is an operator of a tequila distillery based in Indio, California.

Rowan Glen Dairy Products / Individual Investor: The company was acquired by Alan Baxter for an undisclosed amount on February 20, 2023. The company is a producer of dairy food products in Scotland.

Siegsdorfer Petrusquelle / Sonnländer Getränke: The company reached a definitive agreement to be acquired by Sonnländer Getränke, a subsidiary of Edeka Zentrale, for an undisclosed amount on February 23, 2023. The company is a producer of mineral water beverages.

Soylent / Starco Brands: The company was acquired by Starco Brands for an undisclosed amount on February 22, 2023. The company is a producer of plant-based convenience shakes, powders and bars that contain proteins, healthy fats, functional amino acids and essential nutrients.

Sweet River Honey / Sweet Harvest Foods: The company was acquired by Sweet Harvest Foods, via its financial sponsor Blue Road Capital, through an LBO on February 23, 2023 for an undisclosed amount. The company is a provider of honey products intended to serve individual, hotel and restaurant clients.

Williams Sausage Company / Tyson Foods: The company reached a definitive agreement to be acquired by Tyson Foods for an undisclosed amount on February 20, 2023. The company provides fresh and fully cooked sausage, bacon and sandwiches to retail and foodservice customers.