SC 13G/A 1 d426915dsc13ga.htm SC 13G/A SC 13G/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

 

Sovos Brands, Inc.

(Name of Issuer)

COMMON STOCK, $0.001 PAR VALUE PER SHARE

(Title of Class of Securities)

84612U107

(CUSIP Number)

December 31, 2022

(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 37 Pages

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Advent International Corporation

  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

 

  53,762,154

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  53,762,154

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  53,762,154

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  53.2% (1)

12.  

  TYPE OF REPORTING PERSON

 

  CO

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 3 of 37 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

 

  18,235,177

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  18,235,177

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  18,235,177

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  18.1% (1)

12.  

  TYPE OF REPORTING PERSON

 

  CO

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 4 of 37 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

 

  18,235,177

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  18,235,177

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  18,235,177

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  18.1% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 5 of 37 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

 

  35,526,977

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  35,526,977

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,526,977

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  35.2% (1)

12.  

  TYPE OF REPORTING PERSON

 

  OO

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 6 of 37 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

 

  24,752,801

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  24,752,801

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  24,752,801

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  24.5% (1)

12.  

  TYPE OF REPORTING PERSON

 

  CO

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 7 of 37 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

 

  1,963,707

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  1,963,707

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  1,963,707

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  1.9% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 8 of 37 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

 

  2,369,305

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  2,369,305

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,369,305

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  2.3% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 9 of 37 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

 

  1,766,548

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  1,766,548

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  1,766,548

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  1.7% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 10 of 37 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

 

  2,758,471

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  2,758,471

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,758,471

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  2.7% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 11 of 37 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

 

  6,658,444

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  6,658,444

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  6,658,444

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.6% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 12 of 37 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

 

  1,087,476

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  1,087,476

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  1,087,476

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  1.1% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 13 of 37 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

 

  929,956

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  929,956

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  929,956

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.9% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 14 of 37 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

 

  275,565

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  275,565

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  275,565

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.3% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 15 of 37 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

 

  2,441,639

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  2,441,639

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,441,639

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  2.4% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 16 of 37 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

 

  2,270,460

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  2,270,460

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,270,460

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  2.2% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 17 of 37 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

 

  2,231,230

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  2,231,230

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,231,230

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  2.2% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 18 of 37 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

 

  9,291,759

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  9,291,759

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  9,291,759

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  9.2% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 19 of 37 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

 

  4,606,154

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  4,606,154

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  4,606,154

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  4.6% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 20 of 37 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

 

  1,035,718

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  1,035,718

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  1,035,718

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  1.0% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 21 of 37 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

 

  1,756,695

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  1,756,695

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  1,756,695

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  1.7% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 22 of 37 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

 

  941,822

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  941,822

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  941,822

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.9% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 23 of 37 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

 

  951,370

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  951,370

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  951,370

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.9% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 24 of 37 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

 

  1,482,417

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  1,482,417

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  1,482,417

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  1.5% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 25 of 37 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

 

  77,692

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  77,692

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  77,692

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.1% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 26 of 37 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

 

  452,511

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  452,511

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  452,511

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.4% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 27 of 37 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

 

  96,806

   6.  

  SHARED VOTING POWER

 

  0

   7.  

  SOLE DISPOSITIVE POWER

 

  96,806

   8.  

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  96,806

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.1% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 28 of 37 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

 

  60,286

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  60,286

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  60,286

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.1% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 29 of 37 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

 

  795,122

   6.   

  SHARED VOTING POWER

 

  0

   7.   

  SOLE DISPOSITIVE POWER

 

  795,122

   8.   

  SHARED DISPOSITIVE POWER

 

  0

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  795,122

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  0.8% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 100,961,986 shares of Common Stock outstanding as of October 28, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2022.


CUSIP No. 84612U107    SCHEDULE 13G    Page 30 of 37 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 Corporation, a Delaware corporation;

 

(ii)   Noosa GP, Inc., a Delaware corporation;

 

(iii)    Noosa Holdco, L.P., a Delaware limited partnership;

 

(iv)  Advent International GPE VIII, LLC, a Delaware limited liability company;

 

(v)    GPE VIII GP S.à.r.l., a Luxembourg Société à responsabilité limitée;

 

(vi)  Advent International GPE VIII Limited Partnership, a Delaware limited partnership;

 

(vii)   Advent International GPE VIII-B-1 Limited Partnership, a Delaware limited partnership;

 

(viii)   Advent International GPE VIII-B-2 Limited Partnership, a Delaware limited partnership;

 

(ix)  Advent International GPE VIII-B-3 Limited Partnership, a Delaware limited partnership;

 

(x)    Advent International GPE VIII-B Limited Partnership, a Delaware limited partnership;

 

(xi)  Advent International GPE VIII-C Limited Partnership, a Delaware limited partnership;

 

(xii)   Advent International GPE VIII-D Limited Partnership, a Delaware limited partnership;

 

(xiii)   Advent International GPE VIII-F Limited Partnership, a Delaware limited partnership;

 

(xiv)  Advent International GPE VIII-H Limited Partnership, a Delaware limited partnership;

 

(xv)    Advent International GPE VIII-I Limited Partnership, a Delaware limited partnership;

 

(xvi)  Advent International GPE VIII-J Limited Partnership, a Delaware limited partnership (the funds set forth in the foregoing clauses (vi)-(xvi), the “Advent VIII Luxembourg Funds”);

 

(xvii)  GPE VIII GP Limited Partnership, a Cayman Islands limited partnership;

 

(xviii)   Advent International GPE VIII-A Limited Partnership, a Cayman Islands limited partnership;

 

(xix)  Advent International GPE VIII-E Limited Partnership, a Cayman Islands limited partnership;

 

(xx)    Advent International GPE VIII-G Limited Partnership, a Cayman Islands limited partnership;

 

(xxi)  Advent International GPE VIII-K Limited Partnership, a Cayman Islands limited partnership;

 

(xxii)  Advent International GPE VIII-L Limited Partnership, a Cayman Islands limited partnership (the funds set forth in the foregoing clauses (xviii)-(xxii), the “Advent VIII Cayman Funds”);

 

(xxiii)   AP GPE VIII GP Limited Partnership, a Delaware limited partnership;

 

(xxiv) Advent Partners GPE VIII Limited Partnership, a Delaware limited partnership;

 

(xxv)   Advent Partners GPE VIII Cayman Limited Partnership, a Cayman Islands limited partnership;

 

(xxvi) Advent Partners GPE VIII-A Limited Partnership, a Delaware limited partnership;

 

(xxvii)  Advent Partners GPE VIII-A Cayman Limited Partnership, a Cayman Islands limited partnership;

 

(xxviii)  Advent Partners GPE VIII-B Cayman Limited Partnership, a Cayman Islands limited partnership (the funds set forth in the foregoing clauses (xxiv)-(xxviii), the “Advent VIII Partners Funds” and together with the Advent VIII Luxembourg Funds and the Advent VIII Cayman Funds, the “Advent VIII Funds”).

 

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


CUSIP No. 84612U107    SCHEDULE 13G    Page 31 of 37 Pages

 

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 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.

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

 

     (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.


CUSIP No. 84612U107    SCHEDULE 13G    Page 32 of 37 Pages

 

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.

 

     Number of
Shares
Beneficially
Owned
     Sole Voting
Power
     Shared
Voting
Power
     Sole
Dispositive
Power
     Shared
Dispositive
Power
     Percentage
of
Common
Stock
Outstanding
 

Advent International Corporation

     53,762,154        53,762,154        —          53,762,154        —          53.2

Noosa GP, Inc.

     18,235,177        18,235,177        —          18,235,177        —          18.1

Noosa Holdco, L.P.

     18,235,177        18,235,177        —          18,235,177        —          18.1

Advent International GPE VIII, LLC

     35,526,977        35,526,977        —          35,526,977        —          35.2

GPE VIII GP S.à.r.l.

     24,752,801        24,752,801        —          24,752,801        —          24.5

Advent International GPE VIII Limited Partnership

     1,963,707        1,963,707        —          1,963,707        —          1.9

Advent International GPE VIII-B-1 Limited Partnership

     2,369,305        2,369,305        —          2,369,305        —          2.3

Advent International GPE VIII-B-2 Limited Partnership

     1,766,548        1,766,548        —          1,766,548        —          1.7

Advent International GPE VIII-B-3 Limited Partnership

     2,758,471        2,758,471        —          2,758,471        —          2.7

Advent International GPE VIII-B Limited Partnership

     6,658,444        6,658,444        —          6,658,444        —          6.6

Advent International GPE VIII-C Limited Partnership

     1,087,476        1,087,476        —          1,087,476        —          1.1

Advent International GPE VIII-D Limited Partnership

     929,956        929,956        —          929,956        —          0.9

Advent International GPE VIII-F Limited Partnership

     275,565        275,565        —          275,565        —          0.3

Advent International GPE VIII-H Limited Partnership

     2,441,639        2,441,639        —          2,441,639        —          2.4

Advent International GPE VIII-I Limited Partnership

     2,270,460        2,270,460        —          2,270,460        —          2.2

Advent International GPE VIII-J Limited Partnership

     2,231,230        2,231,230        —          2,231,230        —          2.2

GPE VIII GP Limited Partnership

     9,291,759        9,291,759        —          9,291,759        —          9.2

Advent International GPE VIII-A Limited Partnership

     4,606,154        4,606,154        —          4,606,154        —          4.6

Advent International GPE VIII-E Limited Partnership

     1,035,718        1,035,718        —          1,035,718        —          1.0

Advent International GPE VIII-G Limited Partnership

     1,756,695        1,756,695        —          1,756,695        —          1.7

Advent International GPE VIII-K Limited Partnership

     941,822        941,822        —          941,822        —          0.9

Advent International GPE VIII-L Limited Partnership

     951,370        951,370        —          951,370        —          0.9

AP GPE VIII GP Limited Partnership

     1,482,417        1,482,417        —          1,482,417        —          1.5

Advent Partners GPE VIII Limited Partnership

     77,692        77,692        —          77,692        —          0.1

Advent Partners GPE VIII Cayman Limited Partnership

     452,511        452,511        —          452,511        —          0.4

Advent Partners GPE VIII-A Limited Partnership

     96,806        96,806        —          96,806        —          0.1

Advent Partners GPE VIII-A Cayman Limited Partnership

     60,286        60,286        —          60,286        —          0.1

Advent Partners GPE VIII-B Cayman Limited Partnership

     795,122        795,122        —          795,122        —          0.8


CUSIP No. 84612U107    SCHEDULE 13G    Page 33 of 37 Pages

 

The foregoing excludes an aggregate of 2,155,329 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.

 

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 34 of 37 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, 2023     ADVENT INTERNATIONAL CORPORATION
    /s/ Neil Crawford
    Name:   Neil Crawford
    Title:   Vice President of Finance
Date: February 14, 2023     NOOSA HOLDCO, LP
    By: NOOSA GP, INC., GENERAL PARTNER
    /s/ David Roberts
    Name:   David Roberts
    Title:   President & Secretary
Date: February 14, 2023     NOOSA GP, INC.
    /s/ David Roberts
    Name:   David Roberts
    Title:   President & Secretary
Date: February 14, 2023     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
    ADVENT INTERNATIONAL GPE VIII-H LIMITED PARTNERSHIP


CUSIP No. 84612U107    SCHEDULE 13G    Page 35 of 37 Pages

 

   

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 CORPORATION, MANAGER
    /s/ Neil Crawford
    Name: Neil Crawford
    Title: Vice President of Finance
Date: February 14, 2023     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 CORPORATION, MANAGER
    /s/ Neil Crawford
    Name: Neil Crawford
    Title: Vice President of Finance


CUSIP No. 84612U107    SCHEDULE 13G    Page 36 of 37 Pages

 

Date: February 14, 2023    

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 CORPORATION, MANAGER

    /s/ Neil Crawford
    Name: Neil Crawford
    Title: Vice President of Finance
Date: February 14, 2023     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 CORPORATION, MANAGER
    /s/ Neil Crawford
    Name: Neil Crawford
    Title: Vice President of Finance
Date: February 14, 2023     GPE VIII GP LIMITED PARTNERSHIP
    By: ADVENT INTERNATIONAL GPE VIII, LLC,
    GENERAL PARTNER
    By: ADVENT INTERNATIONAL CORPORATION, MANAGER
    /s/ Neil Crawford
    Name: Neil Crawford
    Title: Vice President of Finance


CUSIP No. 84612U107    SCHEDULE 13G    Page 37 of 37 Pages

 

   

AP GPE VIII GP LIMITED PARTNERSHIP

 

By: ADVENT INTERNATIONAL GPE VIII, LLC, GENERAL PARTNER

By: ADVENT INTERNATIONAL CORPORATION, MANAGER

    /s/ Neil Crawford
   

Name: Neil Crawford

Title: Vice President of Finance

Date: February 14, 2023     ADVENT INTERNATIONAL GPE VIII, LLC
    By: ADVENT INTERNATIONAL CORPORATION, MANAGER
    /s/ Neil Crawford
    Name: Neil Crawford
    Title: Vice President of Finance