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New Deal


Announced

Completed

The Rise Fund completed the $300m investment in Little Leaf Farms.

Financials

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Transaction Value£248m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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packaged food

Private

crop sustainability

Food Products

Acquisition

Domestic

Friendly

Single Bidder

Minority

Private Equity

United States

Completed

Synopsis

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The Rise Fund, a venture capital firm, completed the $300m investment in Little Leaf Farms, a brand of packaged lettuce sustainably grown through controlled environment agriculture. "We've seen, especially in recent years, how important locally grown food is to communities, and we're proud to bring customers the freshest leafy greens that are harvested with 90% less water than conventional lettuces and shipped in less than 24 hours. With this funding, we're transforming the way millions of Americans eat and enjoy leafy greens, no longer relying on choices that have traveled thousands of miles across the country to reach them," Paul Sellew, Little Leaf Farms CEO.

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