Strategy | Financing Transactions
Private Placement / Financing Transactions

Carbon Robotics: The company raised $70 million through Series D venture funding in a deal led by BOND Capital (San Francisco) on October 21, 2024, putting the company’s pre-money valuation at $305 million. NVentures (Santa Clara), Ignition Partners, Anthos Capital, Voyager Capital, Fuse (Seattle), Sozo Ventures and Revolution (Washington DC) also participated in the round. The company is a developer of a robotics technology designed to support weed elimination with advanced farming methods.

BelliWelli: The company raised $10 million of Series B venture funding from Invus Opportunities and other undisclosed investors on October 21, 2024, putting the company’s pre-money valuation at $53.5 million. The company is a producer of baked probiotic snack bars.

Eaton Hemp: The company is in the process of raising venture funding on October 24, 2024. The company is a producer of organic hemp-based snacks.


M&A Transactions

Voortman Cookies / Second Nature Brands: The company, a subsidiary of Hostess Brands, entered into a definitive agreement to be acquired by Second Nature Brands, via its financial sponsor CapVest Partners, through a $305 million LBO on October 22, 2024. The company is an operator of a bakery based in Burlington, Canada.

Green Bay Distillery / Green Bay Packers: The land under Green Bay Distillery, owned by the Green Bay Area Chamber of Commerce and Lambeau Village LLC, was acquired by Green Bay Packers for $4.5 million on October 24, 2024. The company is an operator of a sports-focused restaurant and bar.

A.L. Hoogesteger Fresh Specialist / Unknown Investor: The company was acquired for an undisclosed amount on October 21, 2024. The company is a producer of fresh fruit juices.

Bäckerei Bauder / Cafe ernst: The company was acquired by Cafe ernst for an undisclosed amount on October 22, 2024. The company is a producer of bread and pastries based in Dietzenbach, Germany.

Hormel Health / Lyons Magnus: The company, a subsidiary of Hormel Foods, was acquired by Lyons Magnus, via its financial sponsors WP Global Partners and Paine Schwartz Partners, through an LBO on October 23, 2024 for an undisclosed amount. The company is a producer of nutritional food products.

Hotraco Group / Munters: The company, a subsidiary of E. Van Rensch B.V., reached a definitive agreement to be acquired by Munters for an undisclosed amount on October 21, 2024. The company is a developer of automation systems intended for the agricultural and industrial sectors.

Indie Bay Snacks / Forest Feast: The company, a subsidiary of Nurture Brands was acquired by Forest Feast for an undisclosed amount on October 21, 2024. The company is a producer of salty snacks.

La Dolce Vita / Futuro all’Impresa: The company was acquired by Futuro all’Impresa for an undisclosed amount on October 24, 2024. The company is a producer of branded premium biscotti in the United States.

Martin Farms / Traina: The company was acquired by Traina for an undisclosed amount on October 23, 2024. This acquisition expands Traina’s sun-dried tomato offerings. The company is a provider of dried food products based in Patterson, California.

Maypro Industries / Itochu: A 25% interest in the company was acquired by Itochu for an undisclosed amount on October 25, 2024. The company is a distributor of nutritional food supplements.

Mr.Charlie’s Told Me So / Carma HoldCo: The company received an undisclosed amount of financing from Carma HoldCo on October 23, 2024. The company is an operator of a plant-based quick-service restaurant based in Los Angeles, California.

MSK Ingredients / Ingå Group: The company was acquired by Ingå Group, a subsidiary of Novax, for an undisclosed amount on October 22, 2024. The company is a supplier of food ingredients.

Pierre Martinet / LDC Company: The company reached a definitive agreement to be acquired by LDC Company for an undisclosed amount on October 25, 2024. The company is a producer of deli salads, pastries, and charcuteries.

REN Vodka / Topikos Spirit & Beverage: The company was acquired by Topikos Spirit & Beverage for an undisclosed amount on October 22, 2024. The company is a producer of premium vodka based in Toronto, Ontario.

SugarShield Supplement / LIV3: PlantX Life and LIV3 have entered into an agreement to form a joint venture as of October 24, 2024. The company is a producer of dietary supplements intended for weight loss management.

Timber City Ginger Beer / Georgetown Brewing: The company was acquired by Georgetown Brewing for an undisclosed amount on October 22, 2024. The company is a manufacturer and retailer of alcoholic and non-alcoholic ginger beverages based in Seattle, Washington.

Tortuga International Holdings / Unknown Investor: The company was acquired for an undisclosed amount on October 21, 2024. The company is a producer of gourmet cake products.

UV Boosting / Kubota: The company received an undisclosed amount of corporate financing from Kubota on October 24, 2024. The company is a developer of UV flash equipment technology for the agricultural industry designed to offer a clean and affordable alternative to pesticides.


Source: Pitchbook Data, Inc.

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