Strategy | Financing Highlight
Private Placement / Financing TransactionsGrowers Edge: The company raised $15.1 million of venture funding from Finistere Ventures and S2G Ventures on October 31, 2022. The company is a developer of data-driven financial technologies designed for agriculture.

Picnic: The company raised $13.8 million of venture funding from Arnold Venture Group, Branded Strategic Hospitality, and other undisclosed investors on November 10, 2022. The company is a developer of an automated pizza assembly station intended to save kitchens time, money, and labor to make them more efficient and profitable.

Roslin Technologies: The company raised GBP 11 million of Series A venture funding in a deal led by Novo Holdings on November 3, 2022. Nutreco, Esco Lifesciences, Future Planet Capital, Alchimia Investments and Kairos Capital Group also participated in the round. The company is an operator of an ag-tech and food tech company committed to focusing on the science of sustainable protein.

meez: The company raised $11.5 million of Series A venture funding in a deal led by Craft Ventures on November 3, 2022. Derive Ventures, Anthem Venture Partners, FJ Labs, Riverside Ventures, Correlation Ventures, AME Cloud Ventures, Moving Capital, Struck Capital, Todd and Rahul’s Angel Fund, and 8 individual investors also participated in the round. The company is a developer of a SaaS platform intended to create a recipe database.

BRU Brands: The company raised an undisclosed amount of venture funding from Burch Creative Capital in November 2022. The company is a producer of alcoholic beverages.


M&A TransactionsAltmühltaler Mineralbrunnen / ALDI: The company reached a definitive agreement to be acquired by ALDI for an undisclosed amount on November 9, 2022. The company is a manufacturer of soft drinks and carbonated waters located in Treuchtlingen and Breuna, Germany.

Bears with Benefits / Havea Group: The company was acquired by Havea Group, via its financial sponsors Public Sector Pension Investment Board and BC Partners, through an LBO on November 9, 2022 for an undisclosed amount. The company is a producer of dietary supplement products intended to promote natural beauty.

Denner Vineyards / E & J Gallo Winery: The company was acquired by E & J Gallo Winery for an undisclosed amount on November 10, 2022. The company is a producer of special variety wines based out of California, United States.

Eagle Brewery / Grupo Damm: The Company, a subsidiary of, Eagle Brewery of Carlsberg Marston’s Brewing Company was acquired by Grupo Damm for an undisclosed amount on November 7, 2022. The company is a producer of beverages based in the United Kingdom.

Fitvine Wine / O’Neill Vintners & Distillers: The company was acquired by O’Neill Vintners & Distillers for an undisclosed amount on November 10, 2022. The company is a producer of wines.

GoodWest Industries / Sunny Sky Products: The company was acquired by Sunny Sky Products, via its financial sponsor The Jordan Company, through an LBO on November 9, 2022 for an undisclosed amount. The company is a provider of contract manufacturing services of aseptic beverages and food service dispensing solutions intended for the beverage industry.

K9 Candy Kitchen / Chasing Our Tails: The company was acquired by Chasing Our Tails for an undisclosed amount on November 9, 2022. The company is a manufacturer of kitchen-made pet food products based in California, United States.

Lexagri / FoodChain ID Group: The company, a subsidiary of WEKA Group, was acquired by FoodChain ID Group, via its financial sponsor Berkshire Partners, through an LBO on November 7, 2022 for an undisclosed amount. The company is a provider of global agricultural data to the AgTech industry.

Montauk Brewing Company / Tilray: The company was acquired by Tilray, a subsidiary of Aphria, for an undisclosed amount on November 7, 2022. The company is a producer of craft beer.

WildPaw / Encompass Pet Group: The company was acquired by Encompass Pet Group for an undisclosed amount on November 7, 2022. The company is a producer and retailer of hemp-based supplements and wellness products intended for dogs.


Source: Pitchbook Data, Inc.

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