Consumer Private Placement and M&A Transactions Review Week Ending March 31, 2024

Full Glass Wine:  The company raised $14 million of Series A venture funding led by Shea Ventures, with participation from other investors, on April 3, 2024.  The company is a brand acquisition and management business specializing in acquiring online wine marketplaces.

Botrista: The company raised $28 million in Series C venture funding from Jollibee Foods on March 27, 2024, putting the company’s pre-money valuation at $300 million. The company is a developer of a robotic barista for beverage dispensing.

Rivalz: The company raised $8.4 million of venture funding from undisclosed investors on March 27, 2024. The company is a manufacturer of stuffed, salty snacks.

Mozza: The company raised $5.2 million of Series A-1 venture funding from undisclosed investors on March 26, 2024, putting the company’s pre-money valuation at $53 million. The company is a producer of plant-based cheese.

Shicken: The company raised GBP 4 million of venture funding from Veg Capital on March 27, 2024. The company is an operator of a plant-based vegan products platform intended to offer alternatives to meat products.

Actiph: The company raised GBP 3.6 million of venture funding from CAPERCAILLIE, GSP Capital, and other undisclosed investors on March 26, 2024, putting the company’s pre-money valuation at GBP 13.7 million. The company is a manufacturer of alkaline-infused, ionized bottled water.

Innocent Meat: The company raised EUR 3 million of venture funding from GENIUS Venture Capital and other undisclosed investors on March 26, 2024. The company is a provider of an end-to-end system to help meat producers transition to cell-based, cultured meat.

Clean Food Group: The company raised GBP 2.5 million of venture funding in a deal led by Clean Growth Fund on March 26, 2024, putting the company’s pre-money valuation at GBP 19.8 million. The company is a developer of a cellular agriculture system designed to commercialize palm oil production by fermentation.

GoLive: The company entered into a definitive agreement to receive $2.5 million of development capital from undisclosed investors on March 25, 2024. The company is a producer of probiotic and prebiotic supplement mixes.

Bright Cellars / Full Glass Wine:  The company was acquired by Full Glass Wine for an undisclosed amount on April 3, 2024.  The company is a subscription-based online wine service provider based in Milwaukee, Wisconsin.

Benihana / The One Group: The company reached a definitive agreement to be acquired by The One Group for $365 million on March 26, 2024. The company is an operator of a Japanese-inspired restaurant chain based in Aventura, Florida.

Clarys Food Ingredients / Turpaz Perfume and Flavor Extracts: The company reached a definitive agreement to be acquired by Turpaz Perfume and Flavor Extracts for $47.7 million on March 28, 2024. The company is a manufacturer of food ingredients and powder mixes.

Cuboh / ChowNow: The company was acquired by ChowNow for an undisclosed amount on March 28, 2024. The company is a developer of an online ordering application designed to automate food orders for restaurants.

Meyer Menu / Egeria: The company was acquired by Egeria and its management through an LBO on March 27, 2024 for an undisclosed amount. The company is a provider of food catering services for schools, offices, and businesses in Germany.

Pace International / AgroFresh: The company, a subsidiary of Valent Biosciences, was acquired by AgroFresh, via its financial sponsors Paine Schwartz Partners and The Norinchukin Bank, through an LBO on March 27, 2024 for an undisclosed amount. The company is a distributor of agricultural chemicals including cleaners, sanitizers, and fungicides.

Rolan Robotics / Daihen: The company reached a definitive agreement to be acquired by Daihen for an undisclosed amount on March 28, 2024. The company is a manufacturer of automation machinery intended for applications in the metal, logistics, food and agriculture sectors.

The Modern Milkman / Modern Milkman: The company was acquired by Modern Milkman for an undisclosed amount on March 26, 2024. The company is a producer of milk and milk products based in Ellington, Connecticut.