Average number of deals by quarter in the first half of the year was down nearly 40%.
November 12, 2024
While M&A activity in the sector has slowed considerably in 2024, recent moves reflect two key themes that will likely continue when the pace of dealmaking picks up.
Crisci joins Lineage from Roper Technologies, a constituent of the S&P 500 and Fortune 500 that operates 27 independent businesses across multiple end markets.
Oddlygood Global, a spinoff of Valio, one of Finland's premiere food companies, closed its first round of funding with an investment of $28 million from the private equity division of Helsinki-based Mandatum Asset Management.
Misha’s, a California plant-based dairy alternative company announced it closed a $3M seed round led by investors JAY-Z’s Marcy Ventures Partners Fund II, L.P., a firm with a passion for building game-changing consumer businesses, Lisa Shamus & Partners, a leader in innovative branding and licensing, and Chris Paul, 11-time NBA All-Star and businessman who seeks opportunities that accelerate social change and sustainably build a fair, equitable society.
Actual Veggies has closed a $2.3M round of funding from Electric Feel Ventures, the venture arm of Post Malone's management team, run by Austin Rosen; Big Idea Ventures; Rose Street Capital; former Arsenal and current Inter Miami CF defender, Kieran Gibbs, and other strategic investors. Combined with its previous funding round from Big Idea Ventures and angel contributions, Actual Veggies has secured $2.8M in funding to date.
Manna Tree has announced it is leading a $18mm Series D funding round for the disruptive platform Urban Remedy, the omni-channel, ultra-fresh provider chilled ready-to-eat meals, snacks, cold-pressed juices, and more. Through a proprietary ERP system, Urban Remedy cracked the code on profitable ultra fresh food (i.e. shelf life of one week, often less).
Dedeaux Properties and joint venture partner Brasa Capital Management have sold a fully-leased 73,992-square-foot Class A industrial distribution building in the Inland Empire city of Redlands, California, to LBA Realty, completing the disposition of a brand new two-building complex. The building includes 20,000 square feet of cold storage space with two coolers at 55 and 34 degrees, and is currently leased to In-N-Out Burger.