Consumer Private Placement and M&A Transactions Review Week Ending November 12, 2023

Wonder: The company raised $100 million of venture funding from Nestlé on November 7, 2023. The company is an operator of a cloud kitchen platform and food delivery service intended to provide high-profile chef recipes.

Bowery: The company raised $85.4 million of venture funding from undisclosed investors on November 9, 2023. The company is an operator of a vertical farming company designed to deliver organic produce from indoor farms.

L-Nutra: The company raised $47 million of Series D-2 venture funding in a deal led by Brentwood Associates and Stéphane Bancel on November 7, 2023, putting the company’s pre-money valuation at $353 million. The company is a producer of plant-based fasting mimicking food technology and food products focused on health and longevity.

Tenayo: The company raised $2.7 million of venture funding from undisclosed investors on November 9, 2023. The company is a producer of gourmet salsa.

Omaha Steaks: The company received an undisclosed amount of development capital from McCarthy Capital on November 7, 2023. The company is an operator of an online food delivery platform offering organic meat and frozen foods.

Hostess Brands / The J.M. Smucker Co.: The company was acquired by The J.M. Smucker Co. for $5.6 billion on November 8, 2023. Hostess Brands Inc is a leading sweet snacks company providing a wide range of snack cakes, donuts, cookies and related products.

Arizona Nutritional Supplements / Individual Investors: The company was acquired by Mr. Aaron Blunck and Mr. Jonathan Pinkus for an undisclosed amount on November 6, 2023. The company provides contract and private label manufacturing services for nutritional and dietary supplements.

Artiback / The Schwarz Group: The company was acquired by The Schwarz Group, a subsidiary of Lidl Digital Germany, for an undisclosed amount on November 9, 2023. The company is a producer of frozen baked goods based out of Halle, Germany.

Bevolution Group / Sunny Sky Products: The company was acquired by Sunny Sky Products, via its financial sponsor The Jordan Company, through an LBO on November 6, 2023 for an undisclosed amount. The company offers a variety of frozen concentrates, cocktail mixers and shelf-stable beverage products.

Ecliptic Brewing / Great Frontier Holdings: The company was acquired by Great Frontier Holdings for an undisclosed amount on November 8, 2023. The company is an operator of two craft brewery locations in Portland, Oregon.

FreshDirect / Getir: The company was acquired by Getir for an undisclosed amount on November 8, 2023. The company is an operator of an online grocery delivery platform.

Golden Naturals / Arcola: The company was acquired by Arcola through an LBO on November 7, 2023 for an undisclosed amount. The company is a manufacturer and distributor of nutritional supplements.

Jermayo / Solina Group: The company was acquired by Solina Group, via its financial sponsor Astorg, through an LBO on November 6, 2023 for an undisclosed amount. The company is a producer of sauces, salads, and ready meals.

Neighbors Coffee / Quench: The company was acquired by Quench, a subsidiary of AquaVenture Holdings, for an undisclosed amount on November 9, 2023. The company is a provider of roasted coffee and gourmet coffee machinery.

Saladinos / US Foods: The company reached a definitive agreement to be acquired by US Foods for an undisclosed amount on November 9, 2023. The company offers a wide range of food products and  beverages.