Consumer Private Placement and M&A Transactions Review Week Ending September 17, 2023

Indigo: The company raised $250 million of venture funding in a deal led by Flagship Pioneering on September 15, 2023. State of Michigan Retirement Systems and Lingotto also participated in the round. The company is a provider of plant microbiome agricultural services designed to increase crop yield.

Cooks Venture: The company raised $51.2 million of funding through a combination of debt and equity on September 13, 2023, from Cleveland Avenue, ImpactAssets and other undisclosed investors. The company is a vertically integrated producer of chicken, pork and beef through sustainable, regenerative farming practices.

Kinderfarms: The company received $20 million of development capital from undisclosed investors on September 11, 2023. The company is a producer of health powders and health drinks intended to maintain hydration levels in the body.

Goodles: The company raised $13 million of Series A venture funding in a deal led by L Catterton on September 11, 2023, putting the company’s pre-money valuation at $75 million. Endeavor, Cosmic Venture Partners, Electric Feel Ventures, Springdale Ventures, Alumni Ventures, Willow Growth Partners, Third Craft and GingerBread Capital also participated in the round. The company’s provides a high fiber, high protein plant-based alternative to mac and cheese made with vegetables, and real cheese.

Hoplark: The company raised $5.9 million of Series A venture funding in a deal led by Brooklyn Brewery on September 14, 2023. The company produces non- alcoholic craft brews, teas and waters hopped and crafted like beer that are gluten-free and non-GMO.

Ahascragh Distillery: The company closed on EUR 2.9 million of EUR 3.4 million targeted amount of venture funding on September 17, 2023. The company is an operator of an Irish spirit distillery intended to provide zero-emissions whiskey and gin.

OCEANIUM: The company raised EUR 2.4 million of Series A venture funding in a deal led by Builders Vision on September 14, 2023. BDT & MSD Partners, Green Angel Syndicate, World Wildlife Fund, and  other undisclosed investors also participated in the round. The company is a manufacturer of sustainably grown and farmed seaweed-based products.

Premium Peanut: The company raised $1.6 million of venture funding from undisclosed investors on September 13, 2023. The company is an operator of a peanut shelling facility intended to produce quality peanut products.

Better Nature Tempeh: The company raised $1.3 million of venture funding from undisclosed investors on September 13, 2023. The company is a producer of plant-based protein products made of tempeh, a plant-based protein made through fermenting cooked soybeans into a high-protein, enriched mass.

Ten To One: The company raised $1 million of venture funding from InvestBev on September 13, 2023. The company is a producer of alcoholic beverages that include contemporary Caribbean-style blended dark and white rum.

Hostess Brands / SSF Holdings: The company reached a definitive agreement to be acquired by SSF Holdings, a subsidiary of The J.M. Smucker Co. for approximately $5.6 billion on September 11, 2023. Hostess Brands Inc is a leading sweet snacks company focused on developing, manufacturing, marketing, selling, and distributing snacks in North America, providing a wide range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, and related products.

Ilegal Mezcal / Bacardi: The company was acquired by Bacardi for $130 million on September 11, 2023. The company’s range of Mezcal products is handcrafted by using ripe espadín agave and harvested by hand.

Arista Industries / Mark Foods: The company reached a definitive agreement to be acquired by Mark Foods for an undisclosed amount on September 13, 2023. The company is a producer and distributor of seafood, vegetables, and marine oils catering to the cosmetic, pharmaceutical, food service, wholesale and retail seafood industries.

Biossent / TFF Group: The company, a subsidiary of Maison Boinaud was acquired by TFF Group for an undisclosed amount on September 11, 2023. The company specializes in the production of beverages such as wines, spirits, and cognacs and is based in Angeac-Champagne, France.

Cardrona Distillery / International Beverage Holdings: The company was acquired by International Beverage for an undisclosed amount on September 13, 2023. The company produces super-premium spirits including cardrona single malt whisky, reid vodka, source gin and a range of liqueurs.

JFS Altius Farms / Jewish Family Service of Colorado Inc: The company was acquired by Jewish Family Service of Colorado Inc for an undisclosed amount on September 13, 2023. The company’s products use vertical growing technology to produce non-GMO, chemical pesticide-free, and quality leafy greens, enabling restaurants, food services, markets, and residents to have quality, sustainable produce.

Naud Spirits / Jeezy: The company was acquired for an undisclosed amount by Jeezy on September 12, 2023. The company is a manufacturer of liquors based out of France and the products  include gin, vodka, cognac and others.

Sagamore Spirit / ILLVA Saronno: The company was acquired by ILLVA Saronno for an undisclosed amount on September 14, 2023. The company offers whiskey, whiskey tastings, cocktails, waterfront events, and more, to provide customers with a range of authentic whiskey.

Shore / Aquascot: The company was acquired by Aquascot for an undisclosed amount on September 11, 2023. The company is a producer of plant-based seaweed products that are light, crispy, baked, low in calories, and high in iodine and prebiotic fiber.

Silent Pool Distillers / William Grant & Sons: The company was acquired by William Grant & Sons for an undisclosed amount on September 14, 2023. The company offers silent pool gins, a silent pool distillers range, green man spirits, a spirit of pan am, mist garnishes and gin kits.

Tequila Enemigo / MadaLuxe Group: The company was acquired by MadaLuxe Group, via its financial sponsor Hilco Brands, through an LBO on September 14, 2023 for an undisclosed amount. The company is a producer of alcoholic beverages based in London, United Kingdom.  The range includes a variety of tequilas, including Blanco, Reposado, and Añejo expressions.