.
MergerLinks Header Logo

New Deal


Announced

Completed

General Mills led a $120m funding Series round in GrubMarket.

Financials

Edit Data
Transaction Value£111m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Cross Border

Food Products

produce

drinks

snacks

gluten free food

organic food

United States

Venture Capital

Friendly

Minority

Private Equity

Completed

Acquisition

Private

Synopsis

Edit

General Mills, an American multinational manufacturer and marketer of branded consumer foods, led a $120m funding Series round in GrubMarket, a food technology company, with participation from Tiger Global, Squarepoint, Apeira Capital, Grosvenor, Liberty Street Funds, Walleye Capital, and Celtic House Asia. “We’re a very profitable business and don’t need financing for working capital purposes -- we’ll use proceeds for mergers and acquisitions. We want to digitally transform the American food supply chain industry," Mike Xu, GrubMarket CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US