Consumer Private Placement and M&A Transactions Review Week Ending June 30, 2024

Local Kitchens: The company raised $40 million of Series B venture funding in a deal led by General Catalyst on June 25, 2024. Human Capital, Pear (California) and Stanley Tang also participated in the round. The company is an operator of a restaurant platform intended to bring local restaurants under one roof.

The Long Drink Company: The company raised $24.6 million of venture funding from Pentas Ventures, Miles Teller and other undisclosed investors on June 24, 2024. The company is a producer of alcoholic citrus soda beverages.

Hero Bread: The company raised an additional $21 million of Series B venture funding in a deal led by Composite Ventures, Cleveland Avenue and DNS Capital on June 26, 2024, putting the company’s pre-money valuation at $162 million. The company is a producer of healthy baked food alternatives.

revyve: The company raised $15 million of venture funding from Royal Cosun, Anheuser-Busch InBev and other undisclosed investors on June 25, 2024. The company is a producer of food ingredients intended to create replacement proteins from micro-organisms.

AllPlants: The company raised GBP 7 million of venture funding in a deal led by Gullspang Re:food on June 25, 2024, putting the company’s pre-money valuation at GBP 4.6 million. The Craftory, ForGood, Capital V, Gifted Ventures, Otiva, Felix Capital, Molten Ventures, Plantbase VC and Unreasonable Impact also participated in the round. The company is a producer of plant-based meals intended to offer convenient, healthy, and sustainable options.

Phyla: The company raised $7.6 million of Series A venture funding from Maximum Effort Productions, N Plus One Ventures and Joyance Partners on June 26, 2024, putting the company’s pre-money valuation at $8.5 million. Progression Fund, Willow Growth Partners and Brandon Shainfeld also participated in the round. The company is a developer of probiotic skincare products designed to treat acne.

Scent Beauty: The company raised $7.5 million of venture funding from undisclosed investors on June 26, 2024. The company is a developer of fragrance products.

Evergreen: The company raised $5.5 million of venture funding from undisclosed investors on June 27, 2024. The company is an operator of a frozen food company that offers frozen waffles.

Ecotone Renewables: The company raised $3.8 million of venture funding from Avesta Fund and other undisclosed investors on June 25, 2024. The company is a provider of carbon-negative organic fertilizers intended to eliminate food waste and promote sustainable communities.

Xoxo: The company raised GBP 2.5 million of venture funding from JamJar Investments, Combination VC and Clever Clover on June 27, 2024. The company is a producer of low-in-sugar and low-calorie plant-based drinks.

Inovata Foods: The company received an undisclosed amount of development capital from Swander Pace Capital on June 27, 2024. The company is a manufacturer of private-label food products intended for retailers and food service in the United States of America and Canada.

Brasserie du Pays Flamand / Kronenbourg: The company received EUR 25 million of financing from Kronenbourg on June 27, 2024. The company is a producer of craft beers based in Merville, France.

Clearly Drinks / Supreme Imports: The company was acquired by Supreme Imports for GBP 15 million on June 24, 2024. The company is a producer of sugar free soft drinks.

Boulangeries Pâtisseries Associated / Patifrais: The company was acquired by Patifrais, via its financial sponsors Axio Capital and Albarest Partners, through an LBO on June 26, 2024 for an undisclosed amount. The company is a producer and supplier of freshly baked goods made with local and organic ingredients based in France.

Didier’s Patisserie / La Compagnie des Desserts: The company was acquired by La Compagnie des Desserts, via its financial sponsor PAI Partners, through an LBO on June 25, 2024 for an undisclosed amount. The company is a producer of patisserie and desserts, serving international airlines, restaurant chains, and events. The company offers individual patisserie, potted desserts, afternoon tea, and sharing desserts.

Freshly Chopped / KnightBridge Group: The company was acquired by KnightBridge Group through an LBO on June 27, 2024 for an undisclosed amount. The company is an operator of food retailer franchisee stores based in Leiden, Netherlands.

Idlewild Wines / Overshine Wine: The company was acquired by Overshine Wine for an undisclosed amount on June 26, 2024. The company is a producer of wine based in Healdsburg, California.

Island Poké / IP Topco: The company was acquired by IP Topco, a subsidiary of WRP Holdco for an undisclosed amount on June 27, 2024. The company is an operator of a restaurant chain intended to serve poke bowls to customers.

So Mochi / Boncolac: The company was acquired by Boncolac, via its financial sponsor Waterland Private Equity Investments, through an LBO on June 28, 2024 for an undisclosed amount. The company is a manufacturer of frozen flavored mochis intended for supermarkets.

St. Armands Baking Company / Engelman Baking Company: The company was acquired by Engelman Baking Company, via its financial sponsor Shoreline Equity Partners, through an LBO on June 25, 2024 for an undisclosed amount. The company is a producer of bakery products intended for restaurants, hospitals, nursing homes, schools, and other food service venues.

Stripes Beauty / L Catterton: The company, a subsidiary of Sakana Holdings, was acquired by L Catterton through an LBO on June 24, 2024 for an undisclosed amount. The company is a manufacturer of probiotics intended to help women in menopause remain healthy.

Trewithen Dairy / Ehrmann: The company was acquired by Ehrmann for an undisclosed amount on June 25, 2024. The company is a producer of dairy products catering to individuals, the food service sector, independent retail, coffee shops, care homes, and schools.

Van Triest Veevoeders / ForFarmers: The company reached a definitive agreement to be acquired by ForFarmers for an undisclosed amount on June 29, 2024. The company is a producer of grains catering to Dutch, Belgian and German breweries.