Consumer Private Placement and M&A Transactions Review Week Ending July 23, 2023

Aphea.Bio: The company raised EUR 70 million of Series C venture funding in a deal led by Innovation Industries and Korys Investments on July 11, 2023. Agri Investment Fund, SFPIM, ECBF Management, Bill & Melinda Gates Foundation, Astanor Ventures, BNP Paribas Fortis, and other undisclosed investors also participated in the round. The company is a developer of agricultural products intended to increase crop yields and crop health.

Bobbie: The company raised $70 million of Series C venture funding in a deal led by PowerPlant Partners on July 12, 2023, putting the company’s pre-money valuation at $500 million. The company is a producer of infant formula intended to provide baby food with healthy ingredients.

ZenWTR: The company raised $35.9 million of venture funding from MavenHill Capital, 93 Ventures and other undisclosed investors on July 13, 2023. The company is a producer of distilled alkaline water products intended to preserve the environment by using recycled ocean bottles.

Spinn Coffee: The company is in the process of raising $15 million of venture funding. The company is a developer of internet-connected coffee machines designed to automate coffee making.

A SHOC Energy: The company raised $14.1 million of Series C venture funding from undisclosed investors on July 13, 2023. The company is a producer of energy drinks platform intended to offer sugar-free beverages.

FarmTrace: The company raised $6.5 million of Series A venture funding in a deal led by CNBB Equity Partners and Surmount Ventures on July 11, 2023. Stage 1 Ventures and Fulcrum Global Capital also participated in the round. The company is a developer of ag-tech software designed to connect every system and stakeholder throughout the animal and plant protein value chain.

Wilde Irish Gin: The company raised $1.7 million of Series A venture funding from undisclosed investors on July 17, 2023, putting the company’s pre-money valuation at $3.3 million. The company is a producer of a premium gin made with a blend of selected botanical ingredients.

Culture Fresh Foods: The company raised $1.6 million of venture funding from FreshTracks Capital on July 18, 2023. The company is a provider of plant-based dairy alternatives and packing services intended to create non-dairy spoonable, spreadable, and drinkable products.

Kaly: The company is in the process of raising venture funding on July 12, 2023. The company is an operator of a seaweed farming business.

Shimmerwood Beverages: The company is in the process of raising venture funding as of July 10, 2023. The company is a producer of CBD infused beverages, and is headquartered in Medway, Massachusetts.

La Colombe Coffee Roasters / Keurig Dr Pepper:  La Colombe Coffee Roasters reached a definitive agreement to receive $300 million of financing for a 33% stake in the business from Keurig Dr Pepper on July 20, 2023. The company is an operator of a chain of coffee shops and supplier of RTD coffee intended to serve consumers across multiple channels, including the retail trade, branded cafes and direct-to-consumer. The transaction included a strategic alliance and a long-term distribution agreement.  The deal makes KDP La Colombe’s second-largest owner behind chairman Hamdi Ulukaya.

National Choice Bakery / Bimbo Bakeries:  National Choice Bakery was acquired by Bimbo Bakeries USA for $5.2 million on July 17, 2023. The company is a producer of bakery products intended to serve wholesalers and retailers of food products.

CubicAcres GP / IGS:  CubicAcres GP received $3.7 million of financing from IGS on July 20, 2023. The company is a provider of farming services focused on delivering agricultural produce to the community of Long Island, New York City.

Brittle-Brittle / Azalea Capital: Brittle-Brittle was acquired by Azalea Capital through an LBO on July 12, 2023 for an undisclosed amount. The company is a producer of candy and confectionary products made from peanuts and toffee.

Craft Beverage Expo / Fast Forward Events:  Craft Beverage Expo was acquired by Fast Forward Events for an undisclosed amount on July 18, 2023. The company is a provider of curated events serving the adult alcohol beverage industry.

Dean’s Dip / Brynwood Partners:  Dean’s Dip, a subsidiary of Ventura Foods, entered into a definitive agreement to be acquired by Brynwood Partners through an LBO on July 19, 2023 for an undisclosed amount. The company is a manufacturer of dairy dips based in Brea, California.

Falls City Beer / Unknown Investor:  Falls City Beer was acquired for an undisclosed amount on July 19, 2023. The company is a producer of draft beer based in Louisville, Kentucky.

Locadélice / Quinoak group: Locadélice was acquired by Quinoak group for an undisclosed amount on July 20, 2023. The company is a provider of artisanal, organic and local tofu based in Bordeaux, France.

Mama Rosie’s / Seviroli Foods:  Mama Rosie’s was acquired by Seviroli Foods, via its financial sponsors Mill Point Capital and Sandy Hill Investors, through an LBO on July 17, 2023 for an undisclosed amount. The company is a manufacturer of frozen pasta products serving the Northeastern United States.

Murry’s / Entrepreneurial Equity Partners:  Murry’s was acquired by Entrepreneurial Equity Partners through an LBO on July 14, 2023 for an undisclosed amount. The company is a producer of frozen food products based in Greenbelt, Maryland.

Nature’s One / Bobbie: Nature’s One was acquired by Bobbie for an undisclosed amount on July 12, 2023. The company is a producer of organic baby nutrition products intended to focus on optimal health, growth and brain development.

Northern Pacific Kaviar / Modern Plant Based Foods:  Northern Pacific Kaviar was acquired by Modern Plant Based Foods for an undisclosed amount on July 17, 2023. The company is a producer of vegan caviar based in Vancouver, Canada.

Old 502 Winery / Unknown Investor:  Old 502 Winery was acquired for an undisclosed amount on July 19, 2023. The company is an operator of a winery based in Louisville, Kentucky.

Point of the Bluff Vineyards / Unknown Investor:  Point of the Bluff Vineyards was acquired for an undisclosed amount on July 19, 2023. The company is a producer of wines based in Hammondsport, New York.

Red Bird / Embassy Park Advisors & Sequel Holdings:  Red Bird was acquired by Sequel Holdings and Embassy Park Advisors through an LBO on July 10, 2023 for an undisclosed amount. The company is a producer of sugar candies intended to provide naturally gluten-free products.

SVZ / Döhler: Döhler reached a definitive agreement to acquire  SVZ, a subsidiary of Royal Cosu for an undisclosed amount on July 20, 2023. The company is a producer and supplier of fruit and vegetable ingredients to food and drink manufacturers around the world.

Ventura Foods / Brynwood Partners: Brynwood Partners entered into a definitive agreement to acquire Marie’s Salad Dressing, a subsidiary of Ventura Foods, through an LBO on July 20, 2023 for an undisclosed amount. The company is a manufacturer of salad dressing intended to add flavor to food.