Hebei Hengshui Laobaigan Liquor has announced plans to raise C¥400m ($58.19m) through a private placement.

A wines and feed products producer based in China, Hebei Hengshui Laobaigan plans to use the funds towards the acquisition of a liquor company.

Business Growth Fund (BGF) has invested £5m ($6.4m) in whiskey producer Renegade Spirits Ireland.

Following the acquisition, BGF will own a minority stake in Renegade Spirits, which will use the funds towards the development of single malt whiskey.

"Business Growth Fund (BGF) has invested £5m ($6.4m) in whiskey producer Renegade Spirits Ireland."

Reed’s has raised $3.4m through private placement of convertible subordinated non-redeemable notes and 1,416,667 shares of common stock to Raptor / Harbor Reeds.

Based in the US, Reed’s is a producer and seller of brewed sodas. The company plans to use the funds towards general corporate purposes.

Aqua Vitea has raised $0.13m through a debt offering.

The company is a US-based Kombucha brewing firm.