Consumer Private Placement and M&A Transactions Review Week Ending May 5, 2024

Bazooka Candy Brands: The company received $10 million of development capital from Patricof Company on April 30, 2024. The company is an operator of a confectionery business focused on producing bubble gums.

FarmWise: The company raised $10 million of venture funding in the form of convertible debt from undisclosed investors on May 1, 2024. The company is a developer of farming robots designed to facilitate autonomous cultivation and organic farming.

Wakuli: The company raised EUR 5.2 million of venture funding from IceCat, ABN AMRO Bank, Rubio, Arnoud Aalbersberg and other undisclosed investors on April 29, 2024. The company is a retailer of coffee powder and beans.

Sauz: The company raised $4.7 million of venture funding from undisclosed investors on May 2, 2024. The company is a producer of tomato sauces.

Mic Food: The company raised $1.3 million of venture funding from undisclosed investors on April 29, 2024. The company is a producer of frozen tropical food products intended to serve the retail private label, food service, industrial, and institutional sectors.

xFarm Technologies: The company is in the process of raising Series C venture funding on April 30, 2024. The company is a developer of a digital farm management platform.

Sonoma-Cutrer / Duckhorn Vineyards: The company, a subsidiary of Brown-Forman, was acquired by Duckhorn Vineyards and TSG Consumer for $400 million on April 30, 2024. The company is an operator of a winery and manufacturer of wines based in Windsor, California.

Benihana / The One Group: The company was acquired by The One Group for $365 million on May 1, 2024. The company is an operator of a Japanese-inspired restaurant chain based in Aventura, Florida.

Only What You Need / Simply Good Foods: The company reached a definitive agreement to be acquired by Simply Good Foods for $280 million on April 29, 2024. The company is a manufacturer of plant-based protein beverages and other functional nutrition products.

Bar Bakers / TruFood Manufacturing: The company was acquired by TruFood Manufacturing, via its financial sponsor Mubadala Investment Company, through an LBO on May 3, 2024 for an undisclosed amount. The company is a provider of contract manufacturing of baked goods in the natural and organic markets.

DYMA Brands / Ventura Foods: The company reached a definitive agreement to be acquired by Ventura Foods for an undisclosed amount on May 1, 2024. The company is a manufacturer of flavor solutions including liquid portion control, dry condiments and seasonings, and dry-blended mixes.

Farmer Direct Foods / Unknown Investor: The company was acquired for an undisclosed amount on May 2, 2024. Bomar Holdings sold its stake in the company as a result of going out of business. The company is a producer of whole-wheat flour.

Functional Formularies / Danone: The company was acquired by Danone for an undisclosed amount on May 1, 2024. The company is a provider of feeding tube formulas for whole food, plant-based ingredients.

Qizini / Nordian Capital Partners: The company, a subsidiary of Natsu Foods, was acquired by Nordian Capital Partners through an LBO on May 3, 2024 for an undisclosed amount. The company is a producer of pre-packed convenience food products.

Ruffino Meats & Food Service / Dominion Equity: The company was acquired by Dominion Equity through an LBO on April 30, 2024 for an undisclosed amount. The company provides cakes, biscuits, fresh and frozen meats, frozen foods, produce, cheese, and seafood across Texas.

Sonoma Creamery / Our Home: The company, a subsidiary of Atalanta, was acquired by Our Home for an undisclosed amount on May 3, 2024. The company is a producer of premium cheese and snack items.

Southern Champion / Sazerac: The company was acquired by Sazerac for an undisclosed amount on May 1, 2024. The company is a producer of beverage products.

St. Boniface Craft Brewing / Pour Man’s Brewing: The company was acquired by Pour Man’s Brewing for an undisclosed amount on April 30, 2024. The company is an operator of a brewery based in Ephrata, Pennsylvania.

Kosmo’s Q / Multiple Investors: The company was acquired by L2 Capital Partners, Oxer Capital and Salem Investment Partners through an LBO on May 3, 2024 for an undisclosed amount. The company is a retailer of barbeque (BBQ) products based in Oklahoma City, Oklahoma.