M&A Deal Summary |
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|---|---|
| Date | 2018-10-30 |
| Target | noosa |
| Sector | Food |
| Buyer(s) | Sovos Brands |
| Sellers(s) | Advent International |
| Deal Type | Merger |
| Advisor(s) | Deutsche Bank Corporate & Investment Banking (Financial) Weil Gotshal & Manges (Legal) |
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| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Food |
| Revenue | 878M USD (2022) |
Sovos Brands is formed to acquire and build a portfolio of food and beverage brands. Sovos Brands invest in unique brands that have exciting growth potential, combining industry expertise with fresh thinking to bring our products into more homes across America. Sovos Brands was founded in 2017 and is based in Berkeley, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector: Food M&A | 3 of 4 |
| Type: Merger M&A Deals | 1 of 1 |
| State: Colorado M&A | 1 of 2 |
| Country: United States M&A | 3 of 4 |
| Year: 2018 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-06-08 |
Rao s Specialty Foods
New York, New York, United States Rao's Specialty Foods, Inc. is a producer of super premium pasta sauce, with Rao's Homemade ranking as the leading brand in the super premium pasta sauce segment. In addition to sauces, Rao's Specialty Foods offers a selection of premium dry pasta, dressings, marinades, olive oils, vinegars, tomatoes and fire-roasted red peppers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-26 |
Birch Benders
Denver, Colorado, United States Birch Benders is a fast-growing producer of delicious, better-for-you Pancake and Waffle Mixes, Toaster Waffles, and Pancake and Baking Cups. Birch Benders was founded in 2011 and is based in Denver, Colorado. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 91.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 181 of 233 |
| Sector: Food M&A | 7 of 8 |
| Type: Merger M&A Deals | 5 of 11 |
| State: Colorado M&A | 2 of 3 |
| Country: United States M&A | 63 of 84 |
| Year: 2018 M&A | 8 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-11 |
Manjushree India
Bangalore, India Manjushree India is a manufacturer and seller of folding cartons and paper packaging in the highly fragmented packaging sector. Manjushree has three manufacturing facilities (Daman, Chakan, and Pantnagar) to provide pan India support, and caters to a well-diversified base of marquee customers across different end segments including F&B, HPC, Pharmaceuticals, QSR, and Industrial. Manjushree India was founded in 1996 and is based in Bangalore, Karnataka. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-06 |
Alianza
Bogota, Colombia Alianza is a diversified financial services platform. Alianza provides asset management services to institutional, corporate and individual clients. The company has an open architecture and its own portfolio of mutual funds and a voluntary pension fund as well third-party international funds managed by global recognized assets managers. Alianza was founded in 1986 and is based in Bogota, Colombia. |
Sell | - |
