Deals this week: Tyson Foods, SmartSweets, Lurenjia

Tyson Foods has divested its pizza crust business (TNT Crust) in the US.

The TNT Crust business includes two manufacturing facilities in Green Bay.

Based in the US, Tyson Foods processes chickens into fresh, frozen and value-added products.

Tyson Foods appointed Goldman Sachs Group as financial advisor for the transaction.

SmartSweets has raised C$3m ($2.33m) in a venture funding round led by angel investors including Scott Elaine Case, Terry Tierney, and Eric Patel.

Based in Canada, SmartSweets is a producer of low-sugar and natural gummy candies.

Lurenjia has raised $15m through a series A funding round led by Chinese venture capital firm Tiantu Capital.

Based in China, Lurenjia is a spiced duck and chicken brand.

Banana Vital has secured $50,000 from its planned $500,000 equity offering.

Based in the US, Banana Vital produces natural, limited ingredient, banana-based nutrition bars.

Proceeds will be used by Banana Vital to repay its debts.

General Mills plans to raise $1bn through an underwritten public offering of 22 million shares priced at $0.10 a share.

The company will grant underwriters a 30-day option to acquire additional shares of its common stock worth $100m.

Based in the US, General Mills is a manufacturer and distributor of consumer foods.

Funds raised from the offering will be utilised by General Mills to fund the acquisition of Blue Buffalo Pet Products and for general corporate needs.

Guziguzi has raised $1.6m in a pre-series A venture funding round led by Midas Capital along with participation from QM Angel Investment and Ruchuan Capital.

Based in China, Guziguzi is a snack brand selling mushroom-based products, while Midas Capital is a UK venture capital firm.

Sigma Alimentos has secured $500m through a public offering of bonds through its Netherlands subsidiary.

Due March 2028, the bonds carry an interest rate of 4.875%.

Sigma Alimentos is a multinational food processing and distribution company in Mexico.

Cash raised from the offering will be used by Sigma Finance to redeem the notes issued by its European subsidiary Campofrio Food Group and for general corporate purposes.

Book-runners for the offering were Citigroup, HSBC Holdings, and JPMorgan, while the depositories were Euroclear Bank and Clearstream Banking.

Kottaram Agro Foods has secured Rs350m ($5.35m) from Aavishkaar Bharat Fund, managed by Aavishkaar Venture Management Services, an investment firm based in India.

Kottaram Agro Foods, also known as Soulfull, is an Indian manufacturer and supplier of instant idli mix, ragi flakes, and dosa mixes.

The company will use the amount raised to strengthen its product portfolio and expand its business reach.