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Advent International, a global private equity investor, announced that Sovos Brands, a new company formed by Advent, has completed the acquisition of Michael Angelo's Gourmet Foods Inc., a leading producer of premium, authentic frozen Italian entrées. Financial terms were not disclosed.
Advent International, one of the largest and most experienced global private equity investors, today announced that it has acquired Noosa Yoghurt, LLC, a fast-growing leader in the yoghurt category. Noosa’s executive team remains in place and has retained a significant minority ownership position in the company. Financial terms of the transaction were not disclosed.