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    SEC Form SC 13G/A filed by Sovos Brands Inc. (Amendment)

    2/14/24 4:00:36 PM ET
    $SOVO
    Packaged Foods
    Consumer Staples
    Get the next $SOVO alert in real time by email
    SC 13G/A 1 ef20021503_sc13ga.htm SC 13G/A

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549



    SCHEDULE 13G
     
    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    (Amendment No. 2)*



    Sovos Brands, Inc.
     (Name of Issuer)



    COMMON STOCK, $0.001 PAR VALUE PER SHARE
    (Title of Class of Securities)
     
    84612U107
    (CUSIP Number)
     
    December 31, 2023
    (Date of Event Which Requires Filing of this Statement)



    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
     
      ☐
    Rule 13d-1(b)
     
      ☐
    Rule 13d-1(c)
     
      ☑
    Rule 13d-1(d)

    *
    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
     
    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 2 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International, L.P.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    42,612,154
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    42,612,154
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    42,612,154
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    42.0% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.

     

     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 3 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GP, LLC
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    42,612,154
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    42,612,154
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    42,612,154
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    42.0% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 4 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Noosa GP, Inc.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    14,453,293
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    14,453,293
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    14,453,293
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    14.2% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 5 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Noosa Holdco, L.P.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    14,453,293
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    14,453,293
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    14,453,293
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    14.2% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 6 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International VIII, LLC
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    28,158,861
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    28,158,861
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    28,158,861
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    27.8% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 7 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    GPE VIII GP S.à.r.l.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Luxembourg
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    19,619,193
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    19,619,193
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    19,619,193
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    19.3% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 8 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,556,444
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,556,444
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,556,444
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.5% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 9 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-B-1 Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,877,923
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,877,923
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,877,923
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.9% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 10 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-B-2 Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,400,175
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,400,175
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,400,175
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.4% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 11 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-B-3 Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    2,186,378
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    2,186,378
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,186,378
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.2% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 12 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-B Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    5,277,513
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    5,277,513
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    5,277,513
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    5.2% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 13 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-C Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    861,939
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    861,939
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    861,939
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.8% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 14 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-D Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    737,088
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    737,088
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    737,088
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.7% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 15 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-F Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    218,415
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    218,415
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    218,415
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.2% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 16 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-H Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,935,256
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,935,256
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,935,256
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.9% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 17 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-I Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,799,578
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,799,578
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,799,578
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.8% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 18 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-J Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,768,484
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,768,484
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,768,484
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.7% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 19 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    GPE VIII GP Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    7,364,696
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    7,364,696
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    7,364,696
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    7.3% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 20 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-A Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    3,650,861
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    3,650,861
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    3,650,861
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    3.6% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 21 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-E Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    820,916
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    820,916
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    820,916
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.8% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 22 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-G Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,392,365
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,392,365
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,392,365
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.4% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 23 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-K Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    746,493
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    746,493
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    746,493
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.7% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 24 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent International GPE VIII-L Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    754,061
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    754,061
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    754,061
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.7% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 25 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    AP GPE VIII GP Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    1,174,972
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    1,174,972
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,174,972
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    1.2% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 26 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    61,579
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    61,579
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    61,579
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.1% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 27 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII Cayman Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    358,663
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    358,663
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    358,663
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.4% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 28 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII-A Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    76,729
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    76,729
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    76,729
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.1% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     

    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 29 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII-A Cayman Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    47,783
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    47,783
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    47,783
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    Less than 0.1% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 30 of 42 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Advent Partners GPE VIII-B Cayman Limited Partnership
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    630,218
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    630,218
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    630,218
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    0.6% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    PN
     
     
     
     
     
    (1)
    The percent of class was calculated based on 101,455,355 shares of Common Stock outstanding as of November 3, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 31 of 42 Pages
    Item 1.
    Issuer

     
    (a)
    Name of Issuer:

    Sovos Brands, Inc. (the “Issuer”)

     
    (b)
    Address of Issuer’s Principal Executive Offices:

    168 Centennial Parkway, Suite 200
    Louisville, CO 80027

    Item 2.
    Filing Person

     
    (a) – (c)
    Name of Persons Filing; Address; Citizenship:

     
    (i)
    Advent International, L.P., a Delaware limited partnership (f/k/a Advent International Corporation);
      (ii)
    Advent International GP, LLC, a Delaware limited liability company;
      (iii)
    Noosa GP, Inc., a Delaware corporation;
      (iv)
    Noosa Holdco, L.P., a Delaware limited partnership;
      (v)
    Advent International GPE VIII, LLC, a Delaware limited liability company;
      (vi)
    GPE VIII GP S.à.r.l., a Luxembourg Société à responsabilité limitée;
      (vii)
    Advent International GPE VIII Limited Partnership, a Delaware limited partnership;
      (viii)
    Advent International GPE VIII-B-1 Limited Partnership, a Delaware limited partnership;
      (ix)
    Advent International GPE VIII-B-2 Limited Partnership, a Delaware limited partnership;
      (x)
    Advent International GPE VIII-B-3 Limited Partnership, a Delaware limited partnership;
      (xi)
    Advent International GPE VIII-B Limited Partnership, a Delaware limited partnership;
      (xii)
    Advent International GPE VIII-C Limited Partnership, a Delaware limited partnership;
      (xiii)
    Advent International GPE VIII-D Limited Partnership, a Delaware limited partnership;
      (xiv)
    Advent International GPE VIII-F Limited Partnership, a Delaware limited partnership;
      (xv)
    Advent International GPE VIII-H Limited Partnership, a Delaware limited partnership;
      (xvi)
    Advent International GPE VIII-I Limited Partnership, a Delaware limited partnership;
      (xvii)
    Advent International GPE VIII-J Limited Partnership, a Delaware limited partnership (the funds set forth in the foregoing clauses (vii)-(xvii), the “Advent VIII Luxembourg Funds”);
      (xviii)
    GPE VIII GP Limited Partnership, a Cayman Islands limited partnership;
      (xix)
    Advent International GPE VIII-A Limited Partnership, a Cayman Islands limited partnership;
      (xx)
    Advent International GPE VIII-E Limited Partnership, a Cayman Islands limited partnership;
      (xxi)
    Advent International GPE VIII-G Limited Partnership, a Cayman Islands limited partnership;
      (xxii)
    Advent International GPE VIII-K Limited Partnership, a Cayman Islands limited partnership;
      (xxiii)
    Advent International GPE VIII-L Limited Partnership, a Cayman Islands limited partnership (the funds set forth in the foregoing clauses (xix)-(xxiii), the “Advent VIII Cayman Funds”);
      (xxiv)
    AP GPE VIII GP Limited Partnership, a Delaware limited partnership;
      (xxv)
    Advent Partners GPE VIII Limited Partnership, a Delaware limited partnership;
      (xxvi)
    Advent Partners GPE VIII Cayman Limited Partnership, a Cayman Islands limited partnership;
      (xxvii)
    Advent Partners GPE VIII-A Limited Partnership, a Delaware limited partnership;
      (xxviii)
    Advent Partners GPE VIII-A Cayman Limited Partnership, a Cayman Islands limited partnership;
      (xxix)
    Advent Partners GPE VIII-B Cayman Limited Partnership, a Cayman Islands limited partnership (the funds set forth in the foregoing clauses (xxv)-(xxix), the “Advent VIII Partners Funds” and together with the Advent VIII Luxembourg Funds and the Advent VIII Cayman Funds, the “Advent VIII Funds”).


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 32 of 42 Pages
    Noosa LP is beneficially owned by the following funds: (a) Advent International GPE VII Limited Partnership, Advent International GPE VII-B Limited Partnership, Advent International GPE VII-C Limited Partnership, Advent International GPE VII-D Limited Partnership, Advent International GPE VII-F Limited Partnership, and Advent International GPE VII-G Limited Partnership (the funds set forth in the foregoing clause (a), the “Advent VII Luxembourg Funds”); (b) Advent International GPE VII-A Limited Partnership, Advent International GPE VII-E Limited Partnership and Advent International GPE VII-H Limited Partnership (the funds set forth in the foregoing clause (b), the “Advent VII Cayman Funds”); and (c) Advent Partners GPE VII Limited Partnership, Advent Partners GPE VII Cayman Limited Partnership, Advent Partners GPE VII-A Limited Partnership, Advent Partners GPE VII-A Cayman Limited Partnership, Advent Partners GPE VII-B Cayman Limited Partnership, Advent Partners GPE VII 2014 Limited Partnership, Advent Partners GPE VII-A 2014 Limited Partnership, Advent Partners GPE VII 2014 Cayman Limited Partnership and Advent Partners GPE VII-A 2014 Cayman Limited Partnership (the funds set forth in the foregoing clause (c), the “Advent VII Partners Funds” and, together with the Advent VII Luxembourg Funds and the Advent VII Cayman Funds, the “Advent VII Funds”). The Advent VII Funds have ownership interests in Noosa LP and its general partner, Noosa GP, Inc., but none of the Advent VII Funds has voting or dispositive power over any shares.

    GPE VIII GP S.à.r.l. is the general partner of the Advent VIII Luxembourg Funds. GPE VIII GP Limited Partnership is the general partner of the Advent VIII Cayman Funds. AP GPE VIII GP Limited Partnership is the general partner of the Advent VIII Partners Funds. Advent International GPE VIII, LLC is the manager of GPE VIII GP S.à.r.l. and the general partner of each of GPE VIII GP Limited Partnership and AP GPE VIII GP Limited Partnership. GPE VII GP S.à.r.l. is the general partner of the Advent VII Luxembourg Funds. GPE VII GP Limited Partnership is the general partner of the Advent VII Cayman Funds. Advent International GPE VII, LLC is the manager of GPE VII GP S.à.r.l. and is the general partner of GPE VII GP Limited Partnership and each of the Advent VII Partners Funds.

    Advent International, L.P. is the manager of Advent International GPE VIII, LLC and may be deemed to have voting and dispositive power over the shares held by the Advent VIII Luxembourg Funds, the Advent VIII Cayman Funds and the Advent VIII Partners Funds, and is the manager of Advent International GPE VII, LLC and may be deemed to have voting and dispositive power over the shares held by the Advent VII Luxembourg Funds, the Advent VII Cayman Funds, the Advent VII Partners Funds and Noosa LP. Advent International GP, LLC is the general partner of Advent International, L.P.

    The address of the principal business and the principal office of the Reporting Persons is Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-8069.

    During 2023, Advent International Corporation effected a change in the form of entity and became Advent International, L.P. Accordingly, Advent International GP, LLC, which is the general partner of Advent International, L.P., has been added as a Reporting Person on this Schedule 13G.

     
    (d)
    Title of Class of Securities:

              Common Stock, $0.001 par value per share ( “Common Stock”)

     
    (e)
    CUSIP Number:

    84612U107       

    Item 3.
    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

    Not applicable.          

    Item 4.
    Ownership.

     
    (a) -- (c)  
    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 33 of 42 Pages
       
    Number of
    Shares
    Beneficially
    Owned
     
    Sole Voting
    Power
       
    Shared
    Voting
    Power
       
    Sole
    Dispositive
    Power
       
    Shared
    Dispositive
    Power
       
    Percentage
    of
    Common
    Stock
    Outstanding
     
    Advent International, L.P.
     
    42,612,154
     
    42,612,154
       
    —
       
    42,612,154
       
    —
       
    42.0%
     
    Advent International GP, LLC
     
    42,612,154
     
    42,612,154
       
    —
       
    42,612,154
       
    —
       
    42.0%
     
    Noosa GP, Inc.
     
    14,453,293
     
    14,453,293
       
    —
       
    14,453,293
       
    —
       
    14.2%
     
    Noosa Holdco, L.P.
     
    14,453,293
     
    14,453,293
       
    —
       
    14,453,293
       
    —
       
    14.2%
     
    Advent International GPE VIII, LLC
     
    28,158,861
     
    28,158,861
       
    —
       
    28,158,861
       
    —
       
    27.8%
     
    GPE VIII GP S.à.r.l.
     
    19,619,193
     
    19,619,193
       
    —
       
    19,619,193
       
    —
       
    19.3%
     
    Advent International GPE VIII Limited Partnership
     
    1,556,444
     
    1,556,444
       
    —
       
    1,556,444
       
    —
       
    1.5%
     
    Advent International GPE VIII-B-1 Limited Partnership
     
    1,877,923
     
    1,877,923
       
    —
       
    1,877,923
       
    —
       
    1.9%
     
    Advent International GPE VIII-B-2 Limited Partnership
     
    1,400,175
     
    1,400,175
       
    —
       
    1,400,175
       
    —
       
    1.4%
     
    Advent International GPE VIII-B-3 Limited Partnership
     
    2,186,378
     
    2,186,378
       
    —
       
    2,186,378
       
    —
       
    2.2%
     
    Advent International GPE VIII-B Limited Partnership
     
    5,277,513
     
    5,277,513
       
    —
       
    5,277,513
       
    —
       
    5.2%
     
    Advent International GPE VIII-C Limited Partnership
     
    861,939
     
    861,939
       
    —
       
    861,939
       
    —
       
    0.8%
     
    Advent International GPE VIII-D Limited Partnership
     
    737,088
     
    737,088
       
    —
       
    737,088
       
    —
       
    0.7%
     
    Advent International GPE VIII-F Limited Partnership
     
    218,415
     
    218,415
       
    —
       
    218,415
       
    —
       
    0.2%
     
    Advent International GPE VIII-H Limited Partnership
     
    1,935,256
     
    1,935,256
       
    —
       
    1,935,256
       
    —
       
    1.9%
     
    Advent International GPE VIII-I Limited Partnership
     
    1,799,578
     
    1,799,578
       
    —
       
    1,799,578
       
    —
       
    1.8%
     
    Advent International GPE VIII-J Limited Partnership
     
    1,768,484
     
    1,768,484
       
    —
       
    1,768,484
       
    —
       
    1.7%
     
    GPE VIII GP Limited Partnership
     
    7,364,696
     
    7,364,696
       
    —
       
    7,364,696
       
    —
       
    7.3%
     
    Advent International GPE VIII-A Limited Partnership
     
    3,650,861
     
    3,650,861
       
    —
       
    3,650,861
       
    —
       
    3.6%
     
    Advent International GPE VIII-E Limited Partnership
     
    820,916
     
    820,916
       
    —
       
    820,916
       
    —
       
    0.8%
     
    Advent International GPE VIII-G Limited Partnership
     
    1,392,365
     
    1,392,365
       
    —
       
    1,392,365
       
    —
       
    1.4%
     
    Advent International GPE VIII-K Limited Partnership
     
    746,493
     
    746,493
       
    —
       
    746,493
       
    —
       
    0.7%
     
    Advent International GPE VIII-L Limited Partnership
     
    754,061
     
    754,061
       
    —
       
    754,061
       
    —
       
    0.7%
     
    AP GPE VIII GP Limited Partnership
     
    1,174,972
     
    1,174,972
       
    —
       
    1,174,972
       
    —
       
    1.2%
     
    Advent Partners GPE VIII Limited Partnership
     
    61,579
     
    61,579
       
    —
       
    61,579
       
    —
       
    0.1%
     
    Advent Partners GPE VIII Cayman Limited Partnership
     
    358,663
     
    358,663
       
    —
       
    358,663
       
    —
       
    0.4%
     
    Advent Partners GPE VIII-A Limited Partnership
     
    76,729
     
    76,729
       
    —
       
    76,729
       
    —
       
    0.1%
     
    Advent Partners GPE VIII-A Cayman Limited Partnership
     
    47,783
     
    47,783
       
    —
       
    47,783
       
    —
       
    <0.1%
     
    Advent Partners GPE VIII-B Cayman Limited Partnership
     
    630,218
     
    630,218
       
    —
       
    630,218
       
    —
       
    0.6%
     

    The foregoing excludes an aggregate of 2,148,625 shares of common stock of the Issuer that the Advent Funds may be entitled to receive upon the forfeiture of shares of restricted common stock currently held by certain directors and employees of the Issuer pursuant to a pre-set formula set forth in the Second Amended and Restated Agreement of Limited Partnership of Sovos Brands Limited Partnership, as amended.
     

     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 34 of 42 Pages
    Item 5.
    Ownership of Five Percent or Less of a Class.

    If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  ☐

    Item 6.
    Ownership of More than Five Percent on Behalf of Another Person.

    Not applicable.

    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

    Not applicable.

    Item 8.
    Identification and Classification of Members of the Group.

    The Reporting Persons expressly disclaim membership in a "group" as used in Rule 13d-5(b)(1).

    Item 9.
    Notice of Dissolution of Group.

    Not applicable.

    Item 10.
    Certification.

    Not applicable.


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 35 of 42 Pages
    SIGNATURE
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


    Date: February 14, 2024
    ADVENT INTERNATIONAL, L.P.
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name:
    Neil Crawford
     
    Title:
    Vice President of Finance

     
    Date: February 14, 2024
    ADVENT INTERNATIONAL GP, LLC
       
     
    /s/ Neil Crawford
     
    Name:
    Neil Crawford
     
    Title: 
    Vice President of Finance

    Date: February 14, 2024
    NOOSA HOLDCO, LP
     
    By: NOOSA GP, INC., GENERAL PARTNER
       
     
    /s/ David Roberts
     
    Name:
    David Roberts
     
    Title:
    President & Secretary
       
    Date: February 14, 2024
    NOOSA GP, INC.
       
     
    /s/ David Roberts
     
    Name:
    David Roberts
     
    Title:
    President & Secretary
         
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-B-1 LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-B-2 LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-B-3 LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-B LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-C LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-D LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-F LIMITED PARTNERSHIP


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 36 of 42 Pages
     
    ADVENT INTERNATIONAL GPE VIII-H LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-I LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-J LIMITED PARTNERSHIP
     
     
    By: GPE VIII GP S.A.R.L., GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, MANAGER
       
     
    /s/ Justin Nuccio
     
    Name: Justin Nuccio
     
    Title: Manager
       
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance
       
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII-A LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-E LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-G LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-K LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-L LIMITED PARTNERSHIP
       
     
    By: GPE VIII GP LIMITED PARTNERSHIP, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 37 of 42 Pages
    Date: February 14, 2024
    ADVENT PARTNERS GPE VIII LIMITED PARTNERSHIP
     
    ADVENT PARTNERS GPE VIII CAYMAN LIMITED PARTNERSHIP
     
    ADVENT PARTNERS GPE VIII-A LIMITED PARTNERSHIP
     
    ADVENT PARTNERS GPE VIII-A CAYMAN LIMITED PARTNERSHIP
     
    ADVENT PARTNERS GPE VIII-B CAYMAN LIMITED PARTNERSHIP
     
     
    By: ADVENT GPE VIII GP LIMITED PARTNERSHIP, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
     
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance
       
    Date: February 14, 2024
    GPE VIII GP S.A.R.L.
       
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, MANAGER
       
     
    /s/ Justin Nuccio
     
    Name: Justin Nuccio
     
    Title: Manager
       
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance
       
    Date: February 14, 2024
    GPE VIII GP LIMITED PARTNERSHIP
       
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 38 of 42 Pages
     
    AP GPE VIII GP LIMITED PARTNERSHIP
       
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance
       
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII, LLC
       
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 39 of 42 Pages
    EXHIBIT 99.1
    JOINT FILING AGREEMENT

    Each of the undersigned, pursuant to Rule 13d-1(k)(1) under the Act, hereby agrees and acknowledges that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of the Common Stock and the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of them.  The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.


    Date: February 14, 2024
    ADVENT INTERNATIONAL, L.P.
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name:
    Neil Crawford
     
    Title:
    Vice President of Finance

     
    Date: February 14, 2024
    ADVENT INTERNATIONAL GP, LLC
       
     
    /s/ Neil Crawford
     
    Name:
    Neil Crawford
     
    Title: 
    Vice President of Finance

    Date: February 14, 2024
    NOOSA HOLDCO, LP
     
    By: NOOSA GP, INC., GENERAL PARTNER
       
     
    /s/ David Roberts
     
    Name:
    David Roberts
     
    Title:
    President & Secretary
       
    Date: February 14, 2024
    NOOSA GP, INC.
       
     
    /s/ David Roberts
     
    Name:
    David Roberts
     
    Title:
    President & Secretary
         
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-B-1 LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-B-2 LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-B-3 LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-B LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-C LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-D LIMITED PARTNERSHIP


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 40 of 42 Pages
     
    ADVENT INTERNATIONAL GPE VIII-F LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-H LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-I LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-J LIMITED PARTNERSHIP
       
     
    By: GPE VIII GP S.A.R.L., GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, MANAGER
       
     
    /s/ Justin Nuccio
     
    Name: Justin Nuccio
     
    Title: Manager
       
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance
       
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII-A LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-E LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-G LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-K LIMITED PARTNERSHIP
     
    ADVENT INTERNATIONAL GPE VIII-L LIMITED PARTNERSHIP
       
     
    By: GPE VIII GP LIMITED PARTNERSHIP, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 41 of 42 Pages
    Date: February 14, 2024
    ADVENT PARTNERS GPE VIII LIMITED PARTNERSHIP
     
    ADVENT PARTNERS GPE VIII CAYMAN LIMITED PARTNERSHIP
     
    ADVENT PARTNERS GPE VIII-A LIMITED PARTNERSHIP
     
    ADVENT PARTNERS GPE VIII-A CAYMAN LIMITED PARTNERSHIP
     
    ADVENT PARTNERS GPE VIII-B CAYMAN LIMITED PARTNERSHIP
     
     
    By: ADVENT GPE VIII GP LIMITED PARTNERSHIP, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
     
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance
       
    Date: February 14, 2024
    GPE VIII GP S.A.R.L.
       
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, MANAGER
       
     
    /s/ Justin Nuccio
     
    Name: Justin Nuccio
     
    Title: Manager
       
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance
       
    Date: February 14, 2024
    GPE VIII GP LIMITED PARTNERSHIP
       
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance


     
    CUSIP No. 84612U107
    SCHEDULE 13G
     
    Page 42 of 42 Pages
     
    AP GPE VIII GP LIMITED PARTNERSHIP
       
     
    By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance
       
    Date: February 14, 2024
    ADVENT INTERNATIONAL GPE VIII, LLC
       
     
    By: ADVENT INTERNATIONAL, L.P., MANAGER
     
    By: ADVENT INTERNATIONAL GP, LLC, GENERAL PARTNER
       
     
    /s/ Neil Crawford
     
    Name: Neil Crawford
     
    Title: Vice President of Finance



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