Food Products and Beverages Capital Raises in the U.S. – January 16th-31st, 2025
Several interesting transactions closed in the Food Products and Beverages sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PIPE
- Odd Burger, plant-based food technology company that manufactures and distributes plant-based protein and dairy alternatives using locally sourced and sustainable ingredients, received CAD 1.43 million of development capital through a private placement.
- Pangea Natural Foods, engages in the production and sale of plant-based patties, received CAD 500,000 of development capital from undisclosed investors on January 20, 2025 through a private placement.
Buyout/LBO
- Farmers Hen House, distributor of organic and pasture-raised eggs intended for natural, supermarket, mass and club channel customers, acquired by Pete & Gerry’s, via its financial sponsors Butterfly Equity, CFT Capital Partners, Benford Capital Partners, Unfold Ventures, Rabo Investments and British Columbia Investment Management, through an LBO.
- Parishables Food Service, retailer of a comprehensive selection of fresh produce intended to meet the diverse needs of the food service industry, acquired by Mr Greens Produce, via its financial sponsors Churchill Asset Management, Sterling Investment Partners, NXT Capital, Ares Capital, The Hillman Company and Ares Management, through an LBO.
Merger/Acquisition
- Dempsey Bakery, operator of a bakery catering to restaurants and small groceries across Arkansas, acquired by Friendly Bakery.
- Siete Family Foods, producer of grain-free food products intended to provide consumers with healthy Mexican-American food, acquired by Pepsico for $1.2 billion.
Seed Round
- Clementine’s Naughty & Nice Creamery, operator of an ice cream shop chain intended to serve unique small-batch ice cream flavors, including alcoholic and vegan options, raised $1.15 million of seed funding.
- Ethel’s Baking Co., producer of baked goods intended to provide gluten-free dessert bars, raised $2.5 million of seed funding.
Accelerator/Incubator
- WHIMS Delights, producer of plant-based treats intended to offer creamy flavor and clean nutrition panel, joined The Future Collective as a part of its Fourth Annual Business Accelerator.
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Julio Zamora
Managing Director
Over 25 years of experience in capital markets and asset management, working for global banks and boutique firms, managing portfolios, allocating assets, analyzing companies, and as a CFO. II ranked equity analyst at Morgan Stanley and UBS. Led the investment team at the Torrey Funds. Director of Mexico Research and Latin America Equity Strategist at Citibank Research. B.S. in Economics from Anahuac University. MIA in International Finance from Columbia University's School of International and Public Affairs, where he was a Fulbright scholar. FINRA Series 7 and 66 licenses.
- Email: jzamora@castleplacement.com
- (C) (917) 331-0159
 Julio ZamoraManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: jzamora@castleplacement.com
(C) (917) 331-0159
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
