Consumer Private Placement and M&A Transactions Review Week Ending June 16, 2024

Don’t Quit: The company raised $10 million of Series B venture funding in a deal led by Madison Square Garden Sports on an undisclosed date. Keurig Dr Pepper, L Catterton, Sweetwater Private Equity, GreyMatter Capital, L.A. Libations, and other undisclosed investors also participated in the round. The company is an operator of a food and beverage business intended to offer nutritional shakes.

UbiQD: The company raised $5.45 million of venture funding from undisclosed investors on June 14, 2024. The company is a manufacturer of low-cost and low-toxicity quantum dot technologies for the agriculture and clean energy industry.

Wild Common: The company raised $5 million of Series A venture funding from HighPost Capital on June 11, 2024, putting the company’s pre-money valuation at $7.5 million. The company is an operator of a liquor business.

Downforce Technologies: The company raised GBP 3.3 million of venture funding in a deal led by Equator Venture Capital on June 13, 2024, putting the company’s pre-money valuation at GBP 8.3 million. Dragonfly Enviro Capital, Perivoli Innovations Trust, Virescent Ventures, Tiverton Agriculture Impact Fund and other undisclosed investors also participated in the round. The company is a developer of an organic carbon measurement platform to effectively assess carbon variability and track changes in soil over time.

Base Culture: The company raised $2.7 million of venture funding from undisclosed investors on June 11, 2024. The company is a producer of bakery products intended to offer grain-free and gluten-free food.

O2 Hydration: The company raised an undisclosed amount of venture funding from Sprecher on June 12, 2024. The company is an operator of a health and wellness beverages business intended to provide hydration and recovery drinks.

Snag: The company raised venture funding on June 13, 2024. The company is a provider of online grocery delivery services.

Only What You Need / Simply Good Foods: The company was acquired by Simply Good Foods for $280 million on June 13, 2024. The company is a manufacturer of plant-based protein beverages and other functional nutrition products.

DRNK Beverage / LQR House: An 8.6% stake in the company was acquired by LQR House for $4.8 million USD on June 10, 2024. The company is a retailer of low-alcohol drinks based in Vancouver, Canada.

Bakery De France / La Lorraine Bakery Group: The company was acquired by La Lorraine Bakery Group for an undisclosed amount on June 11, 2024. The company is a producer of artisan bakery products, based in Rockville, Maryland.

Box Brownies / HighTea.nl: The company was acquired by HighTea.nl for an undisclosed amount on June 12, 2024. The company is an operator of a bakery based in Bodegraven, Netherlands.

DSM-firmenich / Lesaffre: Lesaffre reached a definitive agreement to acquire the Yeast Extract Business of DSM-Firmenich for an undisclosed amount on June 12, 2024. The company is an operator of a yeast extracting business, based out of Switzerland.

Hunt & Ryde Winery / Individual Investor: The company was acquired by Mr. Guy Fieri on an undisclosed date. The company is a producer of wine based in Healdsburg, California.

Karmeliter Bräu / Oettinger Brauerei: The company was acquired by Oettinger Brauerei for an undisclosed amount on June 10, 2024. The company is a producer of beer based in Salz, Germany.

Keel Vodka / Newport Craft Brewing & Distilling: The company was acquired by Newport Craft Brewing & Distilling, via its undisclosed financial sponsor, through an LBO on June 12, 2024. The company is a producer of vodka.

Kuhlman Cellars / Heath Family Brands: The company was acquired by Heath Family Brands for an undisclosed amount on June 13, 2024. The company is a producer of wine based in Stonewall, Texas.

LABU Hygiene / GlueTec: The company was acquired by GlueTec for an undisclosed amount on June 12, 2024. The company is a producer of hygiene and agricultural supplies for the agricultural and industrial sectors.

Northern Bloc / Bid: The company was acquired by Bid for an undisclosed amount on June 10, 2024. The company is a producer of a ice creams from natural ingredients.

NorthSeafood Holland / Kyokuyo Co.: The company, a subsidiary of Quotter, was acquired by Kyokuyo Co. for an undisclosed amount on June 12, 2024. The company is a producer of frozen fish products.

Omsom / DDC Enterprise: The company was acquired by DDC Enterprise for an undisclosed amount on June 12, 2024. The company is a producer of a ready-to-use Asian food products.

Table Talk Pies / Rise Baking Company: The company was acquired by Rise Baking Company, via its financial sponsor Olympus Partners, through an LBO on June 14, 2024 for an undisclosed amount. The company is a producer of dessert pies.

Vitafor / Dresen Química: The company reached a definitive agreement to be acquired by Dresen Química, a subsidiary of Camlin Fine Chemicals, for an undisclosed amount on June 12, 2024. The company is a producer of feed additives such as minerals, vitamins, and pigments in both liquid and powder forms.

Zeal Creamery / Neutral: The company reached a definitive agreement to be acquired by Neutral for an undisclosed amount on June 11, 2024. The company is a producer of dairy products based in Monett, Missouri.