The Whipstitch Weekly

Volume 7 Number 25

Consumer Transaction Recap June 13-19, 2023

We track and report on consumer markets activity over the past week so you don't need to.

Food & Beverage

Personal Care

Health & Wellness

Pet

Other Consumer

. Food & Beverage .

ZENSHO ACQUIRES SNOWFOX FOR $621MM

Japanese food service company Zensho Holdings purchased The Snowfox Group for $621 million from Mayfair Equity Partners.

CAVA IPO RAISES $318MM

Cava’s IPO raised close to $318 million in their initial public offering, valuing the company at $2.45 billion.

UNILEVER ACQUIRES YASSO

Unilever purchased US-based premium frozen greek yogurt brand, Yasso, for an undisclosed amount.

MITSUI CO. BUYS STAKE IN EURICOM FOR $143MM+

Mitsui Co., the Japanese food-to-chemicals conglomerate, purchased a stake in Italy-based rice supplier Euricom for $143.3 million.

IK PARTNERS PURCHASES GOODLIFE FOODS

UK-based private equity firm, IK Partners, acquired frozen snack foods brand GoodLife Foods.

PERNOD RICHARD BUYS MAJORITY STAKE IN ACE BEVERAGE GROUP

Pernod Richard bought a 90% stake in Ace Beverage Group, a better-for-you alcoholic beverage company in Canada.

PIONEER FOODS ACQUIRES FUTURE LIFE HEALTH PRODUCTS

Pioneer Foods, a unit of PepsiCo, bought the remaining 50% stake in South African nutritional cereal brand Future Life Health Products.

BRIANNA’S FINE SALAD DRESSINGS BUYS JOHN WM MACY’S

Brianna’s Fine Salad Dressings purchased cheese snack maker John Wm. Macy’s from Del Sol Foods.

HAWAII VOLCANIC WATER RAISES $10MM FROM LA LIBATIONS

Premium water brand Hawaii Volcanic Water secured $10 million in funding led by LA Libations with participation from surfer Bethany Hamilton.

AF DRINKS SECURES INVESTMENT FROM PERNOD RICARD

Pernod Ricard, through its venture arm Convivialite Ventures, invested in New-Zealand based non-alcoholic brand AF Drinks.

GORGIE RAISES $6MM+

Energy drink brand Gorgie secured $6.5 million from individual investors.

Beverage Business INSIGHTS – Vol. 20 No. 116 6/13/23 (SUBSCRIPTION REQUIRED)

. Personal Care .

BEAUTY INTERNATIONAL BUYS DIADERMINE BRAND FROM HENKEL

Beauty International purchased mass market skincare brand Diadermine from Henkel.

. Other Consumer .

BUNGE AND VITERRA TO MERGE AS PART OF $18 BILLION AGREEMENT

Bunge and Viterra merged creating one of world’s largest agribusiness firms.

TRANSOM CAPITAL ACQUIRES ADEN & ANAIS

Transom Capital Group purchased Aden & Anais, Inc., a global designer and manufacturer of infant products.

UNSPUN SECURES $14MM LED BY LOWERCARBON CAPITAL

Sustainable fashion brand Unspun completed a $14 million Series A led by Lowercarbon Capital with participation from Climate Capital, SOSV, Signia Ventures, and MVP Ventures.

TEN THOUSAND COMPLETES $21MM+ SERIES A ROUND

New York-based men’s activewear brand Ten Thousand raised $21.5 million led by Provenance with participation from Fernbrook and Alfa.

LALO RAISES $10MM+ SERIES A

DTC baby product brand Lalo secured $10.1 million in funding led by Spin Master Ventures with participation from Babylist and 35V.

HUNGRY RECEIVES $10MM

Hungry, a catering tech platform designed to connect local chefs with catering customers, raised $10 million from athletes, chefs, and existing investors.

FOODOMARKET RAISES NEARLY $10MM LED BY ALVEN CAPITAL

Foodomarket, a Paris-based B2B food marketplace for the hospitality industry, raised $9.5 million in Series A Funding led by Alven Capital.

Disclaimer: Whipstitch Capital does not warrant the accuracy, reliability, or timeliness of any transaction

news item. Before relying on any news item, the information should be independently verified.

. More from Whipstitch Capital .

IN THE NEWS: WHIPSTITCH SPEAKS AT BEVNET AND MENTIONED IN ‘BEVNET LIVE DAY 1 REWIND: MILO’S MAKES BIG MOVES; THE FUTURE OF FINANCING IS BIZ FUNDAMENTALS’

Last week, Whipstitch Capital Managing Director Mike Burgmaier participated on a panel on the main stage at BevNET Live in New York City to discuss the current capital markets and how beverage companies should be thinking about their business relative to current conditions. The article below summarizes some of the panel’s discussion.

About Whipstitch Capital

Whipstitch Capital is the largest independent private investment bank in the U.S. solely focused on better-for-you and emerging consumer brands sectors, specializing in sell-side, buy-side M&A and private placements. Whipstitch understands that every situation, every company and product is unique. We listen. We focus. We provide honesty and transparency. We make deals happen. We create the 'whipstitch' of the deal. Get ready to Deal Different^TM .

For more information click here.

Michael Burgmaier

Managing Director

Email Mike

Nick McCoy

Managing Director

Email Nick

Sign Up for The Whipstitch Weekly

Securities sold through BFY Securities, LLC, a FINRA and SIPC member.

BFY Securities is a fully-owned subsidiary of Wellness Partners, LLC DBA Whipstitch Capital

Nothing in this communication is an offer or solicitation to buy or sell any security. Although this communication may include investment related information, nothing in it is a recommendation that you purchase, sell, or hold any security or any other investment, or that you pursue an investment style or strategy. BFY Securities, LLC does not give any advice or make any representation through this communication as to whether any security or investment is suitable to you or will be profitable. The past performance of any investment, investment strategy or investment style is not indicative of future performance.