Silver Point Leads Financing of Acquisition of noosa yoghurt by Lakeview Farms

GREENWICH, Conn., April 8, 2025 /PRNewswire/ -- Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the acquisition of noosa Holdings, Inc., a leading manufacturer and marketer of premium whole-milk, Australian-style yoghurt products, by Lakeview Farms, a portfolio company of CapVest Partners. The $500 million term loan facility provided by Silver Point is also being used to refinance the existing debt of Lakeview Farms.

The acquisition of noosa was completed on February 24, 2025. In a rebrand that will be completed in the second half of 2025, the combined businesses will operate as a new company, Novus Foods, a name that reflects its bold vision to become the leading consumer packaged goods company for the refrigerated perimeter of the grocery store.

"The Silver Point team is pleased to extend our partnership with CapVest and deliver a financing solution that supports the expansion of Novus Foods to deliver high-quality, innovative fresh foods to consumers," said Anthony DiNello, Head of Direct Lending at Silver Point Capital. "With CapVest's strong operating experience alongside Novus Foods' expertise in the refrigerated foods space, we believe the business is well-positioned for success, particularly as consumers increasingly seek out fresh food options."

About Novus Foods
Novus Foods brings together Lakeview Farms and noosa Holdings, Inc. under a single, bold identity, aiming to become the leading consumer packaged goods company for the refrigerated perimeter of the grocery store. Novus Foods is committed to delivering high-quality, innovative fresh foods that delight consumers. The company leverages noosa's expertise in premium whole-milk, Australian-style yoghurt alongside Lakeview Farms' diverse portfolio of refrigerated desserts, dips, salsa, hummus and specialty products. The combined product offerings include popular brands such as Fresh Cravings, La Mexicana, Señor Rico and Salads of the Sea.

About noosa yoghurt
noosa yoghurt is the proud maker of delicious, smooth, and creamy yoghurt - made with the finest ingredients, such as whole milk, real fruit, and wildflower honey. noosa's full product line includes yoghurts in a variety of flavors and sizes. All of noosa's full-on tasty yoghurts begin with the freshest whole milk. For more information, please visit www.noosayoghurt.com or follow on Instagram @noosayoghurt and Facebook @noosayoghurt.

About CapVest
CapVest is a leading international private equity investor that partners with ambitious companies supplying essential goods and services to transform their businesses. As an active and patient investor, CapVest has established a strong record of success in delivering attractive returns by working closely with management in transforming the size and scale of its portfolio companies through a combination of organic and acquisition led growth.

CapVest seeks to invest in highly resilient industries where the demand driver for the product or service is non-discretionary. Its core sectors include consumer staples, healthcare and essential services.

About Silver Point
Silver Point is a leading global credit investing firm founded in 2002. With a dedicated team of over 350 employees, Silver Point oversees $38 billion in investable assets across a comprehensive credit platform that includes public and private investment strategies. Silver Point's Direct Lending business has delivered customized financing solutions to middle-market companies across a broad range of industries. It works in close partnership with borrowers, developing a thorough understanding of their businesses and addressing a wide variety of capital needs with speed and certainty. Silver Point's flexible mandate is designed to allow clients to execute on M&A activity, refinancings and growth capital, among a range of transaction types. Silver Point's Direct Lending business manages over $16 billion in investable assets. For more information, please visit www.silverpointcapital.com.

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SOURCE Silver Point Capital