Strategy | Financing Highlight 
Private Placement / Financing Transactions

Buffalo Market: The company raised $18.5 million of venture funding from undisclosed investors on July 5, 2023. The company provides rapidly growing brands full service distribution through a tech-driven network of fleets and in-store merchandisers.

Farmy: The company raised EUR 10.7 million of Series F venture funding from undisclosed investors on July 3, 2023. The company is an operator of an online grocery marketplace in Switzerland intended to provide customers with products from regional and organic food producers.

Näak: The company raised CAD 3 million of venture funding led by William Walcker on July 3, 2023. Investissement Québec and other undisclosed investors also participated in the round. The company is a producer of natural energy bars intended to offer gluten-free protein snacks.

Old Salt Co-op: The company raised $2.2 million of venture funding from undisclosed investors on July 7, 2023. The company is a ranching co-operative that offers fresh meats from livestock raised locally and sustainably in Montana.


M&A Transactions

Bang Energy / Monster Beverage: The company reached a definitive agreement to be acquired by Monster Beverage, a subsidiary of Fresh Juice Global, for $362 million on July 3, 2023. The company is a producer of sports nutrition energy drinks.

Vrumona / Royal Unibrew: Royal Unibrew reached a definitive agreement to acquire the Company, a subsidiary of Heineken, for EUR300 million on July 3, 2023. The company is a producer of non-alcoholic beverage products based in Bunnik, Netherlands.

Ace Beverage Group / Corby Spirit and Wine: The company was acquired by Corby Spirit and Wine for CAD 148.5 million on July 4, 2023. The company is a producer of alcoholic beverages based in Toronto, Canada.

BORCO-Marken-Import Matthiesen / Stock Spirits Group: The company was acquired by Stock Spirits Group, via its financial sponsor CVC Capital Partners, through an LBO on July 6, 2023 for an undisclosed amount. The company is a producer of international premium spirits, including tequila, vodka, gin and liqueurs.

Colin Moore’s Butchers / Steve Wilson’s Butchers: The company was acquired by Steve Wilson’s Butchers for an undisclosed amount on July 4, 2023. The company is a retailer of meat based in Brampton, United Kingdom.

Dukes of Gascony / Bio Conquête: The company was acquired by Bio Conquête for an undisclosed amount on July 7, 2023. The company is a producer of whole foie gras and related regional products, including gourmet baskets, gift boxes, crackers and chocolates, organic almonds, vinegar. and related products.

Full Circle Brewing / Garden Brewery: The company was acquired by Garden Brewery for an undisclosed amount on July 4, 2023. The company is an operator of a craft brewery.

Gläserne Molkerei / Mutares: The company, a subsidiary of Emmi Group, entered into a definitive agreement to be acquired by Mutares through an LBO on July 6, 2023 for an undisclosed amount. The company is a producer of organic dairy products based in Münchehofe, Germany.

Kevin’s Natural Foods / Mars: The company reached a definitive agreement to be acquired by Mars for an undisclosed amount on July 5, 2023. The company is a manufacturer and supplier of healthy meals, entrees, sauces and seasonings and is based in Stockton, California.

Les Serres Royales / Cultures Gen V: The company was acquired by Cultures Gen V for an undisclosed amount on July 4, 2023. The company is a producer of greenhouse grown tomatoes based in Saint-Jerome, Canada.

Nu Brewery / Brickyard Hollow Brewing: The company was acquired by Brickyard Hollow Brewing for an undisclosed amount on July 5, 2023. The company operates a craft beer brewery in New Gloucester, Maine.

Panelto Foods / Dutch Bakery: The company was acquired by Dutch Bakery, via its financial sponsor 3i Group, through an LBO on July 3, 2023 for an undisclosed amount. The company is a manufacturer of frozen bake-off bread and products serving major retailers’ in-store bakeries and café chains across Ireland, the United Kingdom and Europe.

Plant and Bean / Heather Mills: The company was acquired by Heather Mills for an undisclosed amount on July 3, 2023. The company is a producer of plant-based meat products intended to improve global health, the biodiversity of the planet and animal welfare.

Prairie Pulse / Archer Daniels Midland: The company was acquired by Archer Daniels Midland for an undisclosed amount on July 5, 2023. The company is an operator of a crop processing facility based in Vanscoy, Canada.

Renzi Foodservice / US Foods: The company was acquired by US Foods for an undisclosed amount on July 7, 2023. The company is a distributor of food products to food service industry customers located in Central, Western, and Northern New York State.


Source: Pitchbook Data, Inc.

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