Consumer Private Placement and M&A Transactions Review Week Ending September 10, 2023

Just Egg: The company raised $16 million of venture funding in a deal led by The Ahimsa Foundation, a private foundation supported by VegInvest, on September 5, 2023. The company is a producer of plant-based egg products made from mung bean protein.

SkinnyDipped: The company raised $13.7 million through a combination of Series A1 and Series A2 funding in a deal led by Groot Hospitality and David Grutman on September 7, 2023. Hemisphere Ventures, Pentas Ventures, Raptor Group, Mark Wahlberg, Becky G, Post Malone, Tan France, Odell Beckham Jr., Frances Tiafoe, Amy Schumer, Kevin Durant, Jim Kaskade, Steve Aoki and Christopher Comstock also participated in the round. The company offers almond-coated flavored chocolates that are nutritious and gluten-free, and that are sold via physical stores and online e-commerce platforms.

Momofuku: The company raised $11.5 million of venture funding in a deal led by Alliance Consumer Growth on September 6, 2023. Siddhi Capital also participated in the round. The company operates restaurants in New York, Los Angeles and Las Vegas that provide contemporary Asian-American cuisine, and sells its products online to wholesale and retail customers.

Phycom: The company raised an estimated EUR 9 million of venture funding from Corbion, Invest International and Phase2.earth on September 5, 2023. Invest-NL and other undisclosed investors also participated in the round. The company provides algae in a variety of forms like paste, pellets, flakes, powder, and others, as a nutritional food for humans and animals.

Swire Coca-Cola / John Swire & Sons: Swire Coca-Cola, a subsidiary of Swire Pacific was acquired by John Swire & Sons for $3.9 billion on September 7, 2023. The company is a distributor of beverages that  include various types of soft drinks such as energy, low-calorie, diabetic and caffeine-free, and is based out of Draper, Utah, United States.

Freight Farms / Agrinam Acquisition: The company reached a definitive agreement to be acquired by Agrinam Acquisition for an estimated $147 million as of September 6, 2023. The company is a developer of a vertical farming platform intended to offer on-site commercial food production anywhere.

Treehouse Foods / John B. Sanfilippo & Son: John B. Sanfilippo & Son entered into a definitive agreement to acquire the Manufacturing Facility Located In Lakeville, Minnesota and customer relationships of Treehouse Foods for $63 million on September 06, 2023. The company is an operator of a manufacturing facility located in Lakeville, Minnesota for the snack bar business.

Anora Group / International Beverage Holdings: International Beverage Holdings (UK) reached a definitive agreement to acquire the Larsen Cognac Business of Anora for EUR 54.1 million on September 6, 2023. The company is an operator of an alcoholic beverages production business based in Cognac, France.

Clan Campbell / Stock Spirits Group: The company, a subsidiary of Pernod Ricard, was acquired by Stock Spirits Group, via its financial sponsor CVC Capital Partners, through an LBO on September 9, 2023 for an undisclosed amount. The company is a manufacturer of a scotch whiskey brand and  engages in blending, preparing, distillation and aging whiskey.

Freebird Mushroom Spores / Quality Spores: The company was acquired by Quality Spores for an undisclosed amount on September 7, 2023. The company is a provider of mushroom spores, and offers golden teacher mushrooms, blue meanie mushrooms, fiji island mushrooms, and other varieties.

M & V Provision Co. / Legacy Food Group: The company was acquired by Legacy Food Group, via its financial sponsor Quad-C Management, through an LBO on September 8, 2023 for an undisclosed amount. The company specializes in the manufacturing and distribution of cheese, processed meats, salads, meat and poultry products.

Sonoma-Loeb / Royal Wine Corporation: The company was acquired by Royal Wine Corporation for an undisclosed amount on September 6, 2023. The company produces chardonnays and pinot noirs and is based out of California, USA.

Soya International / National Lecithin: The company, a subsidiary of AAK was acquired by National Lecithin for an undisclosed amount on September 5, 2023. The company is a supplier of non-GMO and organic products catering to the food industry. Its products include soy, sunflower, proteins, lecithins, vegetable-based emulsifiers, spices, acidulates, stabilizers and food additives.