PE Tech Report

Food & Beverages

Full Sail IP Partners buys Odwalla

Full Sail IP Partners, an acquirer of leading brands, has acquired the Odwalla brand from the Coca-Cola Company. Odwalla, a popular food and beverage brand, was founded in Santa Cruz, California in 1980 by three jazz musicians with a desire to nourish people everywhere, respect our planet, protect the soil,

Animal-free cheese producer Formo raises USD50m in Series A funding round

Precision fermentation company Formo has closed a USD50 million Series A financing round led by EQT Ventures, with Elevat3 Capital and Lowercarbon Capital as co-leads. The round also saw participation from Lionheart Ventures, Happiness Capital, and Albert Wenger. Additionally, existing investors Agronomics, CPT Capital, Good Seed Ventures, Grazia Equity, and

Accession Capital Partners backs Spearhead

AMC Capital IV (AMC), advised by Accession Capital Partners (ACP), has signed an agreement to acquire shares in data-driven agribusiness P&P Spearhead UK Holdings Ltd (Spearhead) from Paine Schwartz Partners. 

True acquires majority stake in clean energy drink business Sneak

The investment and innovation business True has acquired a majority stake in D2C zero sugar, energy drink business, Sneak to help with international expansion, and build out its distribution channels through a creative approach to marketing and ecommerce. Sneak, which was founded in 2018 by experienced consumer entrepreneurs Will Peirce

Butterfly invests in Chosen Food

Butterfly, a Los Angeles-based private equity firm specialising in the food sector, is to partner with Chosen Foods (Chosen Foods), an industry leader and pioneer of avocado oil and creator of avocado-based kitchen staples including cooking sprays, mayonnaises, dressings, simmer sauces, guacamole, and salsa.  Butterfly will own a majority stake

Mill Point Capital partners with E&M Logistics

E&M Logistics (E&M), a US-based direct store delivery (DSD) distributors of ice cream, frozen and fresh foods, and beverages, has partnered with Mill Point Capital (Mill Point Capital), a middle-market private equity firm focused on control-oriented investments in the business services, industrials, and IT services sectors in North America. The

Garnett Station Partners sells Twin Peaks to FAT Brands for USD300m

An affiliate of Garnett Station Partners (Garnett Station) is to sell Twin Peaks, a national sports bar & grill franchise company, to FAT Brands for USD300 million.   Based in Dallas, Texas and founded in 2005, Twin Peaks offers high-quality, made-from-scratch food and a beverage menu, which includes its signature

CenterGate Capital partners with Teeny Foods

An affiliate of Austin-based private equity investment firm CenterGate Capital (CenterGate) has made an investment in Teeny Foods, a developer and manufacturer of high-value frozen baked snacks and handheld meals, sold and distributed throughout the United States. Established in 1964 and headquartered in Portland, Oregon, Teeny Foods specialises in manufacturing

Sole Source Capital portfolio company Worldwide Produce acquires Vision Produce

Worldwide Produce (WWP), a portfolio company of industrial-focused private equity firm Sole Source Capital, has acquired Vision Produce (VP), a premier importer and distributor of fresh produce to US and Canadian markets. Terms of the transaction have not been disclosed. Established in 1980 with facilities in both Los Angeles and

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