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. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
