Guilin Layn Natural Ingredients Corp intends to raise CNY760m ($120.81m) through a rights offering of 131,184,408 shares.

Based in China, Guilin Layn is engaged in the production of plant-extracted active principles for food, beverage and health sectors.

The firm intends to use funds towards its projects development.

82 Labs Inc, also known as Morning Recovery, has secured $8.2m through a venture financing round.

The firm raised $6.25m from Altos, R7 and Slow Ventures, and the remaining from other investors.

Based in the US, 82 Labs is involved in the production of dietary supplements.

The company will use funds to develop its hangover remedy products.

Drifter Brewing Company has secured R1m ($82,000) through a venture financing round.

Based in South Africa, Drifter Brewing is engaged in the production of craft beer.

Funds are intended to be used by the company to increase beer production and enhance the shelf-life of its brews.

“Funds are intended to be used by the company to increase beer production and enhance the shelf-life of its drinks.”

Allgauer Hof-Milch GmbH has entered an agreement to acquire a cheese production facility from Arla Foods amba.

Based in Germany, Allgauer produces dairy products, while Arla Foods produces yoghurt, cheese, milk, butter and spreads in Denmark.

The transaction is scheduled for completion before 1 May.

Wine Brands SpA has completed the acquisition of Svinando Wine Club for an undisclosed sum.

Based in Italy, Wine Brands is involved in the production of wines, while Svinando offers online private sales model for wine producers.

The transaction will boost Italian Wine Brands’ footprint in the online wine sales sector.

C&C Group plc intends to acquire 100% stake in Matthew Clark Holdings Limited and Bibendum PLB (Topco) Limited from Conviviality Plc for an undisclosed sum.

Based in Ireland, C&C Group produces alcoholic drinks, while Conviviality is a retail supplier of beers, wines, spirits, tobacco, grocery and confectionery products in the UK.

The acquisition will enable C&C Group to form an autonomous route-to-market network across the British Isles.