Consumer Private Placement and M&A Transactions Review Week Ending September 1, 2024

Plant Path: The company raised $20 million of venture funding from undisclosed investors on August 29, 2024. The company is an operator of a plant breeding company.  The company specializes in improving crops where the value-added trait is a metabolite and focuses on food and medicinal plants.

ZBiotics: The company raised $12 million of venture funding in a deal led by Springtide on August 27, 2024. Access Capital, Seamless Capital, Goat Rodeo Capital and Seaside Ventures also participated in the round. The company is a developer of genetically engineered probiotics designed to help the body process everything from everyday chemicals in alcohol and dairy to serious contaminants.

Unione food group: The company raised CAD 10 million of venture funding in a deal led by Red River Capital and Celtic House Asia Partners on August 27, 2024, putting the company’s pre-money valuation at CAD 50 million. Celtic House Venture Partners also participated in the round. The company is an operator of a food supply chain platform.

Spiceology: The company raised $4.8 million of Series A2 venture funding from undisclosed investors on August 29, 2024. The company is a producer of flavored spices.

Nandi Proteins: The company raised GBP 1.2 million of venture funding in the form of convertible debt from Shackleton Ventures, Frontier IP Group and Government of UK on August 27, 2024. Nesta also participated in the round. The company is a developer of a food manufacturing technology designed to improve the functionality of protein-based ingredients.

DeepBlue Greens: The company is in the process of raising Series 1 venture funding on August 27, 2024. The company is an AgriTech start-up developing aeroponic, hydroponic, and greenhouse products.

Martel: The company raised an undisclosed amount of venture funding from LMDV Capital on August 28, 2024. The company is an operator of a custom fashion house intended to offer luxury collections to an international clientele.

Oddball: The company received an undisclosed amount of development capital from Red Flyer Investments in September 2024. The company is a provider of plant-based, Asian-inspired jelly snacks.

Superspooon: The company raised an undisclosed amount of venture funding from LDR Ventures in September 2024. The company is an operator of a food company specializing in allergen-free seed and oat butter.

Truffle Systems: The company received an undisclosed amount of development capital from Advantary in September 2024. The company is a developer of restaurant management and point of sale software.

Varsity Brands / Kohlberg Kravis Roberts: The company was acquired by Kohlberg Kravis Roberts through a $4.75 billion LBO on August 26, 2024. The transaction was supported by $2.8 billion of debt financing. The company is an operator of a sports apparel agency.

HOCHDORF Swiss Nutrition / AS Equity Partners: The company, a subsidiary of Hochdorf Holding, entered into a definitive agreement to be acquired by AS Equity Partners through a CHF 15.5 million LBO on August 27, 2024. The company is a manufacturer of dairy and cereal products.

Almave / Pernod Ricard: The company received an undisclosed amount of financing from Pernod Ricard on August 29, 2024. The company is a producer of non-alcoholic spirits headquartered in New York, New York.

Ashland Global Holdings / Turnspire Capital Partners: The Pharmachem nutraceutical business unit of Ashland Global Holdings was acquired by Turnspire Capital Partners through an LBO on August 30, 2024 for an undisclosed amount. The company is a producer of nutraceutical food products based in Wilmington, Delaware.

Caterite Food & Wineservice / Metro: The company was acquired by Metro for an undisclosed amount on August 28, 2024. The company is a distributor of food and drink products for the hospitality and catering industry throughout North West England.

Moulin de Hurtigheim / Individual Investors: The company was acquired by Ms. Valérie Böttcher and Mr. Etienne Allemann for an undisclosed amount on August 27, 2024. The company is a producer and supplier of traditional and organic flour products based in Hurtigheim, France.

Mr. Yoshida’s Original Gourmet Sauce / Yoshida Foods International: The company, a subsidiary of Kraft Heinz, was acquired by Yoshida Foods International for an undisclosed amount on August 28, 2024. The company is a provider of sauces and other food products based in Seattle, Washington.

Pattern Ag / EarthOptics: The company was acquired by EarthOptics for an undisclosed amount on August 27, 2024. The company is a developer of a precision agriculture platform designed to provide a detailed understanding of pests and pathogens in the soil.

Pinkster Gin / Jonathan Braham-Everett: The company was acquired by Jonathan Braham-Everett and other undisclosed acquirers for an undisclosed amount on August 28, 2024. The company is an operator of a gin brand.

Pop Secret / Our Home: The company, a subsidiary of Snyder’s-Lance, was acquired by Our Home (Food Products) for an undisclosed amount on August 26, 2024. The company is a manufacturer of snack food products.

Richelieu Foods / Investindustrial: A subsidiary of Richelieu Foods that provides frozen pizzas, sauces and condiments, was acquired by Amalfi/La Doria, via its financial sponsor Investindustrial, through an LBO on August 26, 2024 for an undisclosed amount. The company is a manufacturer of private label and contract packed foods in Wheeling, Illinois.

Stuffed Puffs / Mount Franklin Foods: The company was acquired by Mount Franklin Foods for an undisclosed amount on August 27, 2024. The company is a producer of chocolate filled marshmallow food products.

The Gentlemen Baristas / Origins 1450: The company was acquired by Origins 1450 for an undisclosed amount on August 30, 2024. The company is an operator of a coffee roastery, and a chain of cafes based in London, England.

Timeless Seeds / Mad Capital: The company was acquired by Mad Capital for an undisclosed amount on August 28, 2024. The company is a producer of organic lentils, dry edible peas, chickpeas, and heirloom grains.

Töpfer / TCF Capital: The company entered into a definitive agreement to be acquired by TCF Capital through an LBO on August 28, 2024 for an undisclosed amount. The company is a producer and manufacturer of baby food and natural cosmetics headquartered in Dietmannsried, Germany.