Roark backs US Sports Camps, Advent’s Sovos adds a breakfast brand to its basket, LACERS discusses shift in secondaries strategy

Advent acquires Birch Benders as an add-on for Sovos Brand and Roark Capital invests in US Sports Camps, a youth sports camp company.

Happy Tuesday!

Good to be back at the control here at Metuchen bureau after a week in the gorgeous, misty Adirondacks.

Advent International is building up a large food portfolio under Sovos Brand, adding-on pancake and waffle-mix maker Birch Benders, writes Karishma Vanjani on PE Hub. Sovos comprises four food and beverage brands.

Advent launched Sovos in 2017 with its acquisition of frozen entree company Michael Angelo’s and then pasta sauce maker Rao’s Specialty Foods and noose yogurt brand. Read more here on PE Hub.

Top Scoops
Roark Capital invested in US Sports Camps, a youth sports camp company with more than 100,000 campers annually across 1,200-plus camps in 48 states. Read it here on PE Hub.

Los Angeles City Employees’ Retirement System is mulling building greater exposure to secondaries managers in what its private equity consultant called a “buyer’s market” for secondaries, writes Justin Mitchell on Buyouts. Read it here on Buyouts.

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