Berlin – A YPOG team led by Benjamin Ullrich advised Five Season Ventures and Coefficient Capital on the exit of Just Spices to Kraft Heinz. Both Five Seasons Ventures and Coefficient Capital co-led the Series B financing round in 2019 – on which the team members had advised – and supported the company since then with their expertise in innovation, the food industry and their network.
Kraft Heinz acquired also additional shares from Döhler Ventures, Bitburger Ventures, HOWZAT, Monkfish Invest, Rolf Schrömgens as well as Dr. Andreas Wiele and is now a majority shareholder. The founders Florian Falk, Ole Strohschneider and Bela Seebach will stay invested and involved in the operational business. The company will keep its independence and pursue an establishment in the international spice & food market.
The exit was advised by the investment bank Rothschild & Co. and is expected to be consummated in the first quarter of 2022.
Pressemitteilung zum Download
Advisors Five Seasons Ventures & Coefficient Capital:
Dr. Benjamin Ullrich (Lead/Transactions), Partner
Dr. Adrian Haase (Transactions), Senior Associate
About Five Seasons Ventures
Five Seasons Ventures is a French Venture Capital firm based in Paris. In form of Series A and Series B financing rounds, Five Seasons Ventures usually invests between two and four million euros. Next to capital, the VC also offers extensive technology and food expertise as well as a large network with a wide range of industry contacts. Five Seasons Ventures' portfolio companies include firms such as YFood Labs, Air Up and Vly.
About Coefficient Capital
The U.S.-based Venture Capital was founded in 2018 and has supported an invested in companies that are trying to fulfill the changing consumer behavior by innovation and technology. Through investments by Coefficient Capital, their expertise and network, companies are constantly enabled to grow and develop the market. The portfolio includes companies such as Oatly and Magic Spoon.
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
