Consumer Private Placement and M&A Transactions Review Week Ending March 17, 2024

Liquid Death: The company raised $67 million of venture funding from Live Nation Entertainment, SuRo Capital BDC and Inception Sciences on March 11, 2024, putting the company’s pre-money valuation at $973 million. DeAndre Hopkins, Josh Brolin, Neal Brennan, Derrick Green, Jim Jefferies and Creek Capital also participated in the round. The company is a producer of canned water.

Serenity Kids: The company raised $52 million of Series B venture funding in a deal led by Stride Consumer Partners on March 11, 2024, putting the company’s pre-money valuation at $108 million. The company is a producer of baby food.

Amara Organic Foods: The company raised $20 million in Series B venture funding in a deal led by HumanCo on March 12, 2024, putting the company’s pre-money valuation at $45 million. Melitas Ventures, Touch Capital, and other undisclosed investors also participated in the round. The company is a producer of baby food.

Beekeeper’s Naturals: The company raised $18.7 million of venture funding from undisclosed investors on March 13, 2024. The company is a provider of plant-based adaptogens from beehives intended to provide natural remedies.

Orbillion: The company raised $15 million of venture funding in a deal led by The Venture Collective and At One Ventures on March 14, 2024. Metaplanet Holdings and Y Combinator also participated in the round. The company is a producer of meat products.

MealMe: The company raised $9.24 million of venture funding from undisclosed investors on March 14, 2024. The company is a developer of a social media derived food delivery platform.

Honey Mama’s: The company raised $6.6 million in Series B venture funding from undisclosed investors on March 11, 2024, putting the company’s pre-money valuation at $19.9 million. The company is a producer of honey cocoa bars that are soy-free, gluten-free, dairy-free, and grain-free.

Dryland Genetics: The company raised $2 million of venture funding from undisclosed investors on March 11, 2024. The company is a producer of agricultural seeds intended to produce crops already adapted to growing on marginal lands where other crops cannot grow without irrigation water.

Sovos Brands / Campbell Soup: The company was acquired by Campbell Soup for $2.7 billion on March 12, 2024. Sovos Brands Inc is a food company in the United States whose products include Rao’s Homemade pasta sauces, pizza sauces, and dry pasta.

Actibio / Unknown Investor: The company was acquired for an undisclosed amount on March 13, 2024. The company is a distributor of organic ingredients like apricots, garlic, almonds, berries and other food items.

Blue Sun Soda Shop / Grandpa Joe’s: The company reached a definitive agreement to be acquired by Grandpa Joe’s for an undisclosed amount on March 11, 2024. The company is an operator of a craft soda shop and candy store.

California Custom Fruits & Flavors / Peak Rock Capital: The company was acquired by Peak Rock Capital and its management through an LBO on March 13, 2024 for an undisclosed amount. The company is a producer of fruit and flavor ingredients intended for the dairy, bakery, beverage, and food service industries.

CattleEye / GEA Group: The company was acquired by GEA Group, a subsidiary of Metallgesellschaft, for an undisclosed amount on March 13, 2024. The company is a developer of a livestock monitoring platform that uses artificial intelligence to detect and predict problems with cattle at an early stage.

Chopfab Boxer / Brauerei Locher AG: The company was acquired by Brauerei Locher AG for an undisclosed amount on March 15, 2024. The company is a producer of craft beer and spirits based in Winterthur, Switzerland.

CoreFX Ingredient / Individual Investor: The company, a subsidiary of Ornua reached a definitive agreement to be acquired by its management for an undisclosed amount on March 12, 2024. The company is a producer of lipid-based ingredients based in Evanston, Illinois.

Daleside Brewery / Rooster’s Brewing Co.: The company was acquired by Rooster’s Brewing Co for an undisclosed amount on March 11, 2024. The company is an operator of a brewery based in Harrogate, United Kingdom.

Downer Wine & Spirits / Boss Babes: The company was acquired by Boss Babes for an undisclosed amount on March 15, 2024. The company is a retailer of wine, beer and spirits based in Milwaukee, Wisconsin.

Five Watt Coffee / Individual Investor: The company was acquired by Brian Friese for an undisclosed amount on March 13, 2024. The company is an operator of a coffee shop and roastery in Minneapolis, Minnesota.

Grow Hyve / AgEye: The business unit of Dascom America, was acquired by AgEye for an undisclosed amount on March 11, 2024. The company is a provider of indoor farming solutions.

Prime Source Foods / Navis Food Partners: The company was acquired by Navis Food Partners, via its financial sponsor Frontenac Company, through an LBO on March 14, 2024 for an undisclosed amount. The company is an operator of a food and provisions distribution company based in Londonderry, New Hampshire.

Shake Smart / NewSpring Capital: The company received an undisclosed amount of development capital from NewSpring Capital on March 14, 2023 The company is an operator of food and beverage establishments on university campuses, offering shakes, bowls, cold brew, and oatmeal.

SpiceBox / Borough Broth: The company was acquired by Borough Broth for an undisclosed amount on March 11, 2024. The company is an operator of a vegan curry restaurant and food delivery platform.

Teviotdale Bakery / Murdoch Allan & Son: The company was acquired by Murdoch Allan & Son for an undisclosed amount on March 13, 2024. The company is a producer bread, pastry and cake products, based in Dundee, United Kingdom.

THG Trading / Th. Geyer Ingredients: The company a subsidiary of Symrise was acquired by Th. Geyer Ingredients for an undisclosed amount on March 12, 2024. The company is a provider of fruit juice ingredients based in Marlow, United Kingdom.