Deals
Rao’s Homemade Owner Sovos Brands Said to Explore Sale, IPO
- Private equity firm Advent International owns Sovos Brands
- Sovos owns Noosa yogurt, Birch Benders, Michael Angelo’s
Photographer: Andrew Katz/Corbis News/Getty Images
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Private equity firm Advent International is exploring strategic options for Sovos Brands, a food and beverage company with Rao’s Homemade and Noosa yogurt among its brands, according to people with knowledge of the matter.
Advent is working with an adviser as it weighs alternatives including a sale or initial public offering of Sovos, said the people, who asked not to be identified.