Unilever Acquires Yasso Holdings, Inc.

Davidson Kempner / Afendis-backed Glacier Acquires YSCO

January 8, 2025

Food & Beverage

Davidson Kempner Capital Management, supported by operating partner Afendis Capital Management, has completed the acquisition of ice cream producer YSCO through its Glacier ice cream investments platform. The deal brings YSCO together with Gelato d'Italia to create one of the largest third‑party ice cream manufacturers globally (combined revenues in excess of €600 million); YSCO operates production sites in Belgium and France and distributes up to 200 million liters annually.

Ya YA Foods (e2p Portfolio Company) Acquires Certain U.S. Manufacturing Assets from Oatly

March 2, 2023

Food & Beverage

An affiliate of Ya YA Foods Corporation, a portfolio company of Entrepreneurial Equity Partners (e2p), closed the acquisition of certain U.S. manufacturing assets from subsidiaries of Oatly Group AB, including most manufacturing equipment at Oatly’s Ogden, Utah facility. Ya YA Foods will also complete construction of Oatly’s Fort Worth, Texas facility and enter a long-term manufacturing contract to produce Oatly products in Ogden and Fort Worth, expanding Ya YA Foods’ U.S. footprint and establishing a strategic manufacturing partnership with Oatly.

Froneri (PAI-backed) Acquires Nestlé's U.S. Ice Cream Business for $4.0B

December 11, 2019

Food & Beverage

PAI-backed Froneri has agreed to acquire Nestlé’s U.S. ice cream business for $4.0 billion, including brands such as Häagen-Dazs, Drumstick, Edy’s/Dreyer’s, Outshine and Skinny Cow. The deal — expected to close in Q1 2020 subject to regulatory approvals — gives Froneri a major presence in the U.S. and will make it the global #2 ice cream manufacturer.

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.

The Urgent Company Acquires Coolhaus

December 13, 2021

Food & Beverage

The Urgent Company, the consumer-brands subsidiary of Perfect Day, acquired Coolhaus from Sunrise Strategic Partners and other shareholders. The deal brings the Coolhaus team into The Urgent Company and will transition Coolhaus products to incorporate Perfect Day's animal-free dairy protein while expanding the buyer's portfolio of sustainable frozen dessert brands.

Great Kitchens Food Company Acquires Uno Foods

March 1, 2023

Food & Beverage

Great Kitchens Food Company, a Brynwood Partners portfolio company, has acquired the Uno Foods division of Uno Restaurant Holdings Corporation from Newport Global Advisors. The acquisition adds the Pizzeria Uno branded frozen and refrigerated product line and the Brockton, Massachusetts manufacturing facility to Great Kitchens' frozen foods platform, expanding Brynwood's manufacturing footprint.