Strategy | Financing Highlight
Private Placement / Financing TransactionsSoli Organic: The company raised $125 million of Series D venture funding in a deal led by Caisse de dépôt et placement du Québec on October 12, 2022. Cascade Asset Management, Movendo Capital, S2G Ventures, and XPV Water Partners also participated in the round. The company is a leading US provider of fresh organic culinary herbs.

Crisp: The company raised EUR 75 million of venture funding from Target Global, Keen Venture Partners, and Adriaan Mol on October 10, 2022. Sander van der Laan, Joes Daemen, and other undisclosed investors also participated in the round. The company is a developer of a grocery store application intended to allow the purchase of fresh and well-priced food directly from small makers and growers.

Sabi Agri: The company raised EUR 8 million of venture funding from Crédit Agricole Centre France Développement, UI Investissement, and CITA Investissement on October 14, 2022. The company is a manufacturer of electrical tractors designed for agricultural purposes.

Oe: The company raised EUR 5 million of venture funding in a deal led by Vitirev Innovation on October 10, 2022. Michel Reybier, Frederic Mazzella, and Francis Nappez also participated in the round. The company is a producer of organic wines intended to promote sustainable viticulture.

KetoSwiss: The company raised $4 million of Series A venture funding in a deal led by The William K. Warren Foundation on October 13, 2022. Baszucki Group, Ortho Innovations, R42 Group, Healthspan Capital and other undisclosed investors also participated in the round. The company is a Swiss biotechnology start-up that develops nutraceuticals/supplements and pharmaceuticals for the therapy of migraines, which are efficacious and close to the root cause of migraine, without adding intolerable side effects.


M&A TransactionsRC Global Beverages, Inc. / Macay Holdings, Inc: The company, a holding of RC Global Ventures, Inc., reached a definitive agreement to be acquired by Macay Holdings for $21.4 million on October 11, 2022. The company holds global licensing rights to RC Cola and associated brands in over 100 countries and has a wholly owned subsidiary, Royal Crown Cola International, LLC.

Angel Estate Winery / Purcari Wineries Group: The company was acquired by Purcari Wineries Group for an undisclosed amount on October 11, 2022. The company is an operator of a winery that produces  fruit wines, and is based in British Columbia, Canda.

Basketful / SmartCommerce: The company was acquired by SmartCommerce for an undisclosed amount on October 11, 2022. The company is a developer and provider of in-context eCommerce optimization tools and data-driven category/channel insights.

Crystal Spring / Primo Water Corporation: The company was acquired by Primo Water Corporation for an undisclosed amount on October 12, 2022. The company is a distributor of spring water catering to Rhode Island and Southeastern Massachusetts.

Culinary International / Ruiz Foods: The company was acquired by Ruiz Foods for an undisclosed amount on October 12, 2022. The company is a provider of contract production services for frozen and refrigerated Mexican foods.

Gorillas / Getir: The company reached a definitive agreement to be acquired by Getir for an undisclosed amount on October 11, 2022. The company is an operator of a grocery delivery platform intended to bring everything from groceries to home care to a customer’s doorstep.

Italicatessen / Musgrave Group: The company was acquired by Musgrave Group for an undisclosed amount on October 11, 2022. The company is a distributor of Italian food and wines to Ireland and the UK.


Source: Pitchbook Data, Inc.

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