Top 10 Food Products and Beverages Capital Raises in the U.S. – December 16th-31st, 2024
Several transactions closed in the Food Products and Beverages sector in 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.
PE Growth/Expansion
- BradyPLUS, distributor of food products, packaging and other products intended for healthcare, hospitality, janitorial and maintenance, wholesale, and online catalog industry, received $28.12 million of development capital from Fomento Economico Mexicano, Warburg Pincus, Ares Capital and other investors.
- Tropical Cheese Industries, producer of Latino targeted cheese, meat, and other food products located in Perth Amboy, New Jersey, received development capital from AUA Private Equity Partners and Avance Investment Management.
Buyout/LBO
- Atlantic Capes Fisheries, operator of an integrated seafood company committed to renewable resources and sustainability for the fishing industry, acquired by Northern Wind, via its financial sponsor ACON Investments, through an LBO.
- Indo-European Foods, producer of food products intended to provide healthy meals, acquired by Ziyad Brothers Importing, via its financial sponsor Peak Rock Capital, through an LBO.
Merger/Acquisition
- Italia Salami, producer of meat-based food products based in Ontario, Canada, acquired by Premium Brands Holding.
- Cloud Star, producer of natural pet food products intended for dogs and cats, acquired by General Mills for $1.45 billion.
- National Steak Processors, processor of meat products catering to restaurant chains and industrial customers, acquired by Premium Brands Holding.
Later Stage VC
- Sound Agriculture, producer of hydraulic enhancement products for crops intended to improve harvest yields and water use efficiency across a variety of crops, raised $100 million of Series D venture funding in a deal led by S2G Ventures, Chan Zuckerberg Initiative and BMO Capital Markets.
- Terviva, operator of an agriculture and food technology company intended to deliver protein and oil food ingredients from the Pongamia tree, raised $46.2 million of venture funding from Chevron Renewable Energy Group and other investors.
Angel (individual)
- IndulgeRx, producer of nutritionally advanced foods intended to address the unique nutritional needs of people living with, being treated for and recovering from serious health conditions, raised $470,365 of angel funding.
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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.
