Lakeview Farms (CapVest) Acquires noosa yoghurt from The Campbell's Company

Campbell Soup Company Acquires Sovos Brands, Inc.

August 7, 2023

Food & Beverage

Campbell Soup Company completed the all-cash acquisition of Sovos Brands, Inc. for $23 per share, representing an enterprise value of approximately $2.7 billion. The deal brings premium brands including Rao's, Michael Angelo's and noosa into Campbell's Meals & Beverages division, creates a new Distinctive Brands unit, and is expected to deliver roughly $50 million of run-rate cost synergies and be accretive to adjusted EPS by the second year.

Unilever Acquires Yasso Holdings, Inc.

June 14, 2023

Food & Beverage

Unilever has agreed to acquire Yasso Holdings, Inc., a U.S. premium frozen Greek yogurt brand, to bolster the premiumisation of its Ice Cream Business Group in North America. The acquisition, announced from Unilever's Englewood Cliffs office, will add Yasso's better‑for‑you frozen dessert portfolio (sold in grocery and club stores nationwide) to Unilever's ice cream brands and is expected to close in Q3 2023 subject to approvals.

Worldwide Produce Acquires Valley Food Services

June 15, 2022

Food & Beverage

Worldwide Produce, a portfolio company of Sole Source Capital, has acquired Valley Food Services, a fresh produce and dairy distributor serving the Coachella Valley. The add-on expands Worldwide Produce's presence in the Coachella Valley and complements its West Coast distribution network; terms were not disclosed.

Danone Acquires Kate Farms

July 1, 2025

Food & Beverage

Danone has acquired Kate Farms, a U.S.-based maker of plant-based clinical nutrition formulas, bringing the company into Danone’s North America Medical Nutrition business. Investors including Novo Holdings, Goldman Sachs, Kaiser Ventures, Main Street Advisors, Aliment, Coeffecient, Ithaka and individual investors supported Kate Farms’ growth and are parties to the transaction. Kate Farms will continue operating as part of Danone’s North America Medical Nutrition unit under leadership led by Brett Matthews.

Pasture Brands (Benford Capital) Acquires Pillars Yogurt

April 22, 2024

Food & Beverage

Pasture Brands Holdings, a portfolio company of Benford Capital Partners, has acquired Pillars Yogurt, a better-for-you drinkable yogurt brand launched in 2016. The deal adds Pillars' clean-label, high-protein products (sold in over 4,000 U.S. stores) to the Pasture Brands platform to accelerate retail distribution and new product development.

Bain Capital Acquires Valeo Foods from CapVest

May 10, 2021

Food & Beverage

Bain Capital Private Equity has agreed to acquire Valeo Foods Group from funds managed by CapVest. Valeo is a pan‑European ambient food company headquartered in Dublin with a portfolio including Jacobs, Kettle and Rowse, generating roughly €1.1 billion in annual net sales and employing over 4,000 people; Bain said it will seek to accelerate growth organically and via acquisitions. The transaction is subject to regulatory approvals and the financial terms were not disclosed.