Consumer Private Placement and M&A Transactions Review Week Ending January 1 2023

Prime Roots: The company raised $28.8 million of Series B venture funding from undisclosed investors on December 19, 2022, putting the company’s pre-money valuation at $79 million. The company is a producer of plant-based food products intended to offer meat and seafood alternatives.

NewLeaf Symbiotics: The company raised $16.8 million of venture funding in the form of convertible debt from undisclosed investors on December 23, 2022. The company is an operator of an agriculture technology business intended to discover and develop sustainable agricultural products based on bacteria and related microbes.

Novaphos: The company raised $7.7 million of venture funding from undisclosed investors on December 27, 2022. The company is a developer of a proprietary processing technology intended to produce phosphate products for agriculture and industry.

Aqua ViTea Kombucha: The company raised $3.2 million of venture funding in the form of Convertible Notes from Conduit Connect, CEI Ventures and other undisclosed investors on December 21, 2022. The company is a producer of kombucha drinks intended to promote the consumption of farm-grown organic beverages.

Scout Distribution: The company raised $3.1 million of venture funding from undisclosed investors on December 22, 2022. The company is a producer of craft beer and wine.

Clean Crop Technologies: The company raised $2.6 million of convertible debt financing from undisclosed investors on December 24, 2022. The company is a developer of a novel cold plasma technology designed to treat foods and seeds to boost yields, improve food safety, and reduce food waste.

Siempre Tequila: The company raised $1.6 million of venture funding in the form of convertible debt from undisclosed investors on December 30, 2022. The company is a producer and seller of premium tequila-based alcoholic beverages.

Caledonia Spirits: The company raised $1.4 million of venture funding from undisclosed investors on December 20, 2022, putting the company’s pre-money valuation at $77.8 million. The company is an operator of a craft distillery intended to support working landscapes and local agriculture.

Cheddies: The company raised venture funding from undisclosed investors on December 23, 2022. The company is a producer of cheddar cheese snacks.

Mondelez International Chewing Gum Business / Perfetti Van Melle: Mondelez International reached a definitive agreement for its chewing gum business to be acquired by Perfetti Van Melle for $1.35 billion on December 19, 2022. The company is a producer of flavored chewing gums based in Chicago, Illinois.

Champagne Jacquesson / Château Latour: The company was acquired by Château Latour, via its financial sponsor Groupe Artemis, through an LBO on December 20, 2022 for an undisclosed amount. The company is a producer and distributor of exclusive vintage champagne liquor and alcoholic beverages.

Cockorico / Pernod Ricard: The company was acquired by Pernod Ricard for an undisclosed amount on December 20, 2022. The company is a producer of premium ready-to-serve cocktail beverages.

Fluère Drinks / Lucas Bols: The company, a subsidiary of Next Frontier Brands was acquired by Lucas Bols for an undisclosed amount on December 29, 2022. The company is a provider of distilled non-alcoholic spirits based out of Kamperland, Netherlands.

Great American Foods / Mosner Family Brands: The company was acquired by Mosner Family Brands for an undisclosed amount on December 19, 2022. The company is a manufacturer of ground and value-added proteins based in Newark, New Jersey.

Jane Plan / Xynergy Groupe: The company was acquired by Xynergy Groupe for an undisclosed amount on December 22, 2022. The company is a provider of diet food delivery services intended to help customers lose weight.

MightyVine / Plant-Ag: The company reached a definitive agreement to be acquired by Plant-Ag for an undisclosed amount on December 21, 2022. The company is an operator of a hydroponic tomato farm.

Milk Specialties Global / Butterfly Equity: The company entered into a definitive agreement to be acquired by Butterfly Equity through an LBO on December 23, 2022 for an undisclosed amount. The company is a producer of whey and milk protein ingredients for the health and wellness, performance nutrition and functional food industries.

Mydibel / Clarebout: The company reached a definitive agreement to be acquired by Clarebout for an undisclosed amount on December 23, 2022. The company is a producer of deep-frozen and dried potato products based in Mouscron, Belgium.

Natural / Barentz International: The company was acquired by Barentz International, via its financial sponsor Cinven, through an LBO on December 19, 2022 for an undisclosed amount. The company is a supplier of natural and functional ingredients for the nutraceuticals industry in France and Europe.

Rusty Taco / Gala Capital Partners: The company, a subsidiary of Buffalo Wild Wings, was acquired by Gala Capital Partners, Mr. Brendon Mauri and its management through an LBO on December 19, 2022 for an undisclosed amount. The company is an operator of a fast-casual restaurant chain in the United States.

Tasman / Fonterra Co-operative Group: Fonterra Co-operative Group and Koninklijke DSM have entered into an agreement to form a joint venture as of December 28, 2022. The company is a producer of fermentation-derived dairy protein alternatives catering to food product manufacturers.

Tru Fru / Mars: The company reached a definitive agreement to be acquired by Mars for an undisclosed amount on December 19, 2022. The company is a producer of fruit chocolate products based in West Valley City, Utah.