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.
About us
YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 120 experienced lawyers and tax specialists and a notary, in three offices, located in Berlin, Hamburg, and Cologne.
