Johnsonville Ventures, the venture capital arm of sausage company Johnsonville Holdings, raised $99.5 million that an executive said will go toward re-capitalizing an undisclosed company in its investment portfolio.
The transaction will close by the end of February and Johnsonville Ventures will disclose more information one month after that, Dan Scalia, managing director of Johnsonville Holdings, said Tuesday.
The capital raise was disclosed in a recent Securities and Exchange Commission filing that lists the total securities in the offering at $163 million, leaving $63.5 million to be raised. The minimum investment is $250,000 and 13 investors already invested in the offering, according the filing.
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