Sovos Brands, Inc. (Nasdaq: SOVO), one of the fastest growing food companies of scale in the United States, closed on August 15, 2022 its underwritten secondary public offering by certain stockholders of Sovos Brands (the “Selling Stockholders”) of 8,500,000 shares of Sovos Brands’ common stock, par value $0.001 per share, at a price to the public of $14.00 per share. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering.
Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Marc Jaffe and Ian Schuman, with associates Shawn Quinn, Shira Mendelsohn, and Erin Gilgen. Advice was provided on tax matters by New York partner Bora Bozkurt, with associates Aaron Bernstein and Michael Syku; on intellectual property matters by New York partner Jeffrey Tochner, with associate Pelin Serpin; on environmental matters by New York counsel David Langer; and on benefits & compensation matters by associate Anne Bracaglia.