Strategy | Financing Highlight 
Private Placement / Financing Transactions

Burger King UK: The company received GBP 35 million of development capital from Bridgepoint Advisers on October 13, 2023. The company specializes in serving a range of products spanning from burgers and fries to non-alcoholic drinks.

JimmyAsh: The company raised $36.3 million of venture funding in the form of convertible debt from undisclosed investors on October 13, 2023. The company is a producer of healthy fried products free of preservatives, synthetic oils, and coloring agents.

Orbem: The company raised $32 million of Series A venture funding in a deal led by 83North on October 11, 2023. Possible Ventures, The Venture Collective and La Famiglia also participated in the round. The company uses AI-powered magnetic resonance imaging automatically to analyze, classify and sort eggs, nuts, seeds, plants, and more.

Eat The Change: The company raised $14 million of venture funding from undisclosed investors on October 13, 2023. The company is a producer of nutrient-dense, better-for-you snack food products, and was founded by entrepreneur Seth Goldman and celebrity chef Spike Mendelsohn.

Cleveland Kitchen: The company is in the process of raising $6 million of venture funding from undisclosed investors on October 13, 2023. The company is a producer of fermented foods such as kimchi, krauts, dressings and pickles.

Wunderground: The company raised $1.2 million of venture funding in the form of convertible debt from undisclosed investors on October 11, 2023. The company is a producer of adaptogen enhanced, craft-roasted ground coffees, instant coffees and decaf teas.

The Turmeric Co.: The company raised GBP 0.9 million of Series A venture funding from Rubicon Exotic, Joel Dommett and other undisclosed investors on October 13, 2023, putting the company’s pre-money valuation at GBP 15 million. The company is a producer of turmeric-based shots.


M&A Transactions

Bazooka Candy Brands / Apax Partners: The company was acquired by Apax Partners through a $700 million LBO on October 10, 2023. The company is a manufacturer of a variety of kid’s candies and bubble gum brands.

Musclepharm / FitLife Brands: The company was acquired by FitLife Brands for $18.5 million on October 13, 2023. MusclePharm Corporation is a performance lifestyle company which develops, manufactures and distributes branded nutritional supplements.

Prolupin / Wide Open Agriculture: The company was acquired by Wide Open Agriculture for EUR 2.5 million on October 10, 2023. The company is a producer of cholesterol and lactose-free lupine-based products.

Brave Foods / Unknown Investor: The company, a subsidiary of Creatd, was acquired by a private investor group through an LBO on October 10, 2023 for an undisclosed amount. The company is a producer of  plant-based breakfast food products.

Cibo Vita / Citation Capital: The company entered into a definitive agreement to be acquired by Citation Capital through an LBO on October 11, 2023 for an undisclosed amount. The company’s product offering includes organic nuts, dried fruit, granola, trail mixes, pretzels, chocolate, and fruits.

Clive’s Pies / VFC: The company reached a definitive agreement to be acquired by VFC for an undisclosed amount on October 10, 2023. The company, based in Dartmouth, UK, is a producer of organic pies, tarts, and bakes.

Galer Estate Vineyard and Winery / Longwood Gardens: The company was acquired by Longwood Gardens for an undisclosed amount on October 06, 2023. The company is an operator of a vineyard.

J&K Ingredients / SK Capital Partners: The company was acquired by SK Capital Partners through an LBO on October 11, 2023 for an undisclosed amount. The company is a manufacturer of natural and organic foods and beverages.

Kroppenstedter Olmuhle / Bioriginal Food & Science: The company was acquired by Bioriginal Food & Science, a subsidiary of Omega Protein, for an undisclosed amount on October 12, 2023. The company processes and refines oilseeds for cooking oil.

Les Délices de Saint-Léonard / Societe LDC: The company, a subsidiary of Groupement les Mousquetaires reached a definitive agreement to be acquired by Societe LDC for an undisclosed amount on October 11, 2023. The company, based in Theix Noyalo, France, is a producer of sandwiches, fresh and frozen pizzas, pancakes, quiches and pies.

LIVE Soda / Better Booch: The company reached a definitive agreement to be acquired by Better Booch for an undisclosed amount on October 13, 2023. The company is a producer of probiotic tea shots and organic kombucha.

Raw Gorilla / Whole Food Earth: The company was acquired by Whole Food Earth for an undisclosed amount on October 10, 2023. The company specializes in offering organic grain-free cereals and snacks.


Source: Pitchbook Data, Inc.

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