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New Deal


Announced

Completed

UPSIDE Foods completed the acquisition of Cultured Decadence.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Completed

Friendly

information technology

cultivated seafood

Acquisition

biotechnology

Biotechnology

Majority

United States

Single Bidder

Synopsis

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UPSIDE Foods, a company in the cultivated meat, poultry, and seafood industry, completed the acquisition of Cultured Decadence, a cultivated seafood company. Financial terms were not disclosed. "Seafood has a rich and delicious culinary tradition that makes it a favorite across the globe. Cultivated seafood also has a tremendous potential to benefit the world. Cultured Decadence's technology is incredibly promising, and their team is filled with passionate, smart individuals who want to make our favorite food a force for good. We're thrilled to welcome the Cultured Decadence team to the UPSIDE family and are excited that the scientific, technological, and production infrastructure we have built over many years can help accelerate the mission impact of this team," Uma Valeti, UPSIDE Foods Founder and CEO.

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