Consumer Private Placement and M&A Transactions Review Week Ending May 19, 2024

ByHeart: The company raised $95 million of venture funding from Bellco Capital, Sonostar Ventures, and Two River Group on May 13, 2024. AF Ventures, Gaingels, Polaris Partners, OCV Partners, Red Sea Ventures, and D1 Capital Partners also participated in the round. The company is an operator of an infant nutrition company.

Manus Bio: The company raised $32.5 million of venture funding through a combination of debt and equity from Energy Impact Partners and other undisclosed investors on May 14, 2024. The company is a developer of an advanced fermentation technology designed to recreate plant processes in microorganisms to produce natural ingredients through fermentation.

Nara Organics: The company raised $12.5 million of Series A venture funding in a deal led by Torch Capital, AlleyCorp and Platinum Mile Ventures on May 15, 2024, putting the company’s pre-money valuation at $40 million. Company Ventures, Corazon Capital and Crown Predator Holdings also participated in the round. The company is a producer of organic infant formulas and food products.

Chamberlain Coffee: The company raised $4.6 million through a combination of Seed-10 funding from undisclosed investors on May 15, 2024, putting the company’s pre-money valuation at $45.4 million. The company is an producer and retailer of coffee and related products.

AsomBroso Fine Tequilas: The company raised $2.2 million of venture funding in the form of convertible debt from undisclosed investors on May 13, 2024. The company is a producer of tequila.

Hexafarms: The company raised EUR 1.3 million of venture funding in a deal led by Speedinvest on May 14, 2024. Mudcake and Techstars also participated in the round. The company is a developer of farm-based software that uses AI to monitor, control, and optimize greenhouses and vertical indoor farms in real-time.

New York Distilling Company: The company raised $1.1 million of venture funding in the form of convertible debt from undisclosed investors on May 15, 2024. The company is an operator of craft distilleries.

Oakridge Dairy: The company raised $1 million of venture funding from undisclosed investors on May 14, 2024. The company is an operator of a dairy farm.

Nude Beverages / Ace Beverage Group: The company was acquired by Ace Beverage Group, a subsidiary of Corby Spirit and Wine, for CAD 11 million on May 13, 2024. The company is a producer of alcoholic and non-alcoholic beverages.

GoodWheat / Above Food: The company a subsidiary of Arcadia Biosciences reached a definitive agreement to be acquired by Above Food for $4 million on May 16, 2024. The company is a producer of food products based in Dallas, Texas.

Fitzgerald’s Foods / Geissler’s Supermarket: The company reached a definitive agreement to be acquired by Geissler’s Supermarket for an undisclosed amount on May 17, 2024. The company is an operator of a grocery and catering service based in Simsbury, Connecticut.

Good Citizen Coffee / 8th and Roast: The company was acquired by 8th and Roast for an undisclosed amount on May 16, 2024. The company is a manufacturer of coffee products based in Nashville, Tennessee.

Hero Snacks / Western’s Smokehouse: The company was acquired by Western’s Smokehouse, via its financial sponsors AUA Private Equity Partners and Colpatria Capital, through an LBO on May 17, 2024 for an undisclosed amount. The company is a producer of beef, pork, and turkey meat snacks.

Imagine Baking / Commercial Bakeries: The company was acquired by Commercial Bakeries, via its financial sponsor Graham Partners, through an LBO on May 15, 2024 for an undisclosed amount. The company is a producer of baking products intended for brands in the healthy eating category by offering gluten-free cookies, crackers, biscuits, brittles and chips to local suppliers and distributors.

Karl Schmidt Bäckerei / Argos Wityu: The company has entered into a definitive agreement to be acquired by Odewald KMU and Mr. Martin Manski through an LBO on May 16, 2024 for an undisclosed amount. The company is a producer of bakery products with a primary focus on the gluten-free and organic categories.

Kenny’s Great Pies / Dessert Holdings: The company was acquired by Dessert Holdings, via its financial sponsors Bain Capital and Ergo Partners, through an LBO on May 15, 2024 for an undisclosed amount. The company is a producer of branded and private-label pies and pie fillings.

Montmartre Bakery / Canaan Bakery: The company was acquired by Canaan Bakery on an undisclosed date. The company is a producer of baked food products based in Scarborough, Canada.

Reiff Grain and Feed / Vastu Partners: The company was acquired by Vastu Partners for an undisclosed amount on May 15, 2024. The company is a producer of grain and feed products based in Iowa.

Scanopy / Abelio: The company was acquired by Abelio for an undisclosed amount on May 13, 2024. The company is a developer of 3D modeling technology for the agriculture industry.

Silver Eagle Beverages / Sunkey Beverage Holdings: The company reached a definitive agreement to be acquired by Sunkey Beverage Holdings for an undisclosed amount on May 15, 2024. The company is an operator of a beverage marketing company that sells beer and other beverages.

The Santa Barbara Smokehouse / Panos Brands: The company was acquired by Panos Brands, via its financial sponsor HKW, through an LBO on May 15, 2024 for an undisclosed amount. The company is a manufacturer of hot and cold smoked salmon, based in Santa Barbara, United States.

Waterbird Spirits / E & J Gallo Winery: The company was acquired by E & J Gallo Winery, a subsidiary of Gallo Family Vineyards, for an undisclosed amount on May 15, 2024. The company is a producer of canned cocktails.