Sovos Brands, Inc.
Sovos Brands is the fastest-growing food company of scale in the United States, focused on acquiring and building disruptive growth brands that bring today’s consumers great tasting food that fits the way they live. Our brands, Rao’s, noosa, Birch Benders and Michael Angelo’s, are premium and made with simple high-quality ingredients. Our people are at the center of all that we do. We believe our focus on “one-of-a-kind” brands, products that people love, and passion for our people makes Sovos Brands a “one-of-a-kind” company.
Sovos Brands was formed in 2017, with the backing of Advent International Corp., a global private equity firm.
(Note: Sovos Brands priced its IPO on Sept. 22, 2021, at $12 – $2 below the bottom of its $14-to-$16 price range – on 23.33 million shares, the same number of shares in the prospectus, to raise $279.96 million. Under the filed terms, the company had aimed to raise $350 million.)
|Industry:||FOOD & KINDRED PRODUCTS|
|Address||168 Centennial Parkway, Suite 200 Louisville, CO 80027|
|Phone Number||(720) 316-1225|
|View Prospectus:||Sovos Brands, Inc.|
|Revenues||$649.87 mil (last 12 months)|
|Net Income||$12.13 mil (last 12 months)|
|Price range||$12.00 - $12.00|
|Est. $ Volume||$280.0 mil|
|Manager / Joint Managers||J.P. Morgan/ Goldman Sachs/ BofA Securities/ Credit Suisse|
|CO-Managers||Barclays/ UBS Investment Bank/ Cowen/ Piper SandlerStifel/ William BlairTelsey Advisory Group/ Drexel Hamilton/ Loop Capital Markets |
|Expected To Trade:||9/23/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|