M&A activity in the sector went on a tear in 2021, and is already off with a bang this year. Despite another year of the COVID-19 pandemic, investor interest in the seafood sector was still strong in 2021. A tally of IntraFish coverage shows at least 65 notable mergers, acquisitions or significant investments occurred last […]
With plenty of ‘dry powder’ to detonate, private equity funds are competing with each other and the seafood industry itself for deals. A growing number of the world’s investors are waking up to something only a small group of private equity funds, trade buyers, venture capitalists and M&A advisors have known for years: there’s big […]
More and more private equity (PE) firms are looking to get into the seafood sector, said two mergers and acquisitions (M&A) advisors who have just done deals. Ignacio Kleiman, whose Antarctica Advisors just closed the sale of US scallop processor Northern Wind to ACON Investments, told Undercurrent News more PE firms were involved in the […]
November 1, 2021 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Mitsui & Co. (U.S.A.), Inc. (“Mitsui”), in the sale of the assets of Mitsui Foods, Inc. (“MFI”) to Gellert Global Group’s (“GGG”) Atalanta Corporation. MFI is a leading importer and distributor of canned […]
It’s “possible” a sizeable US-based private equity may look at upstream deals for scallop vessels after closing the acquisitions of processor Northern Wind and two Canadian lobster companies, Suncoast Seafood and Raymond O’Neill & Son Fisheries (ROSF). ACON Investments has entered the US scallop sector in a big way with the deal for Northern Wind, […]
October 14th, 2021 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Northern Wind Inc. (“Northern Wind”), one of the leading scallop processors in the US, in its sale to ACON Investments LLC (“ACON”), a Washington, DC private equity fund with global presence and over […]
Undercurrent News‘ most recent webinar yielded some interesting debate on how soon, if at all, land-based salmon farming will hurt the competitiveness of traditionally grown fish. Experts from the world of seafood mergers and acquisitions (M&A) were split on whether salmon aquaculture companies should be worried about the rise of rms like Atlantic Sapphire in […]
With retail sales booming, processing consolidation will likely form the cornerstone of this year’s mergers and acquisitions (M&A) business, a trio of advisors told Undercurrent News. Existing sector players, outside investors and alternative proteins are all likely to be pursuing closer retail access in the post-pandemic market, the M&A experts said. When it comes to […]
Two large hedge funds that purchased a sizable portion of the outstanding debt owed by China Fishery Group (CFG) are among those pushing for a creditor-led takeover of the bankrupt Peruvian fishmeal and fish oil producer due to dissatisfaction with the ongoing sale process. The US funds — Davidson Kempner Capital Management and Monarch Alternative Capital […]
When the world begins to recover from the COVID-19 pandemic, some prominent seafood executives are predicting a busy period of mergers and acquisitions. Speaking during the National Fisheries Institute’s 2021 Global Seafood Market Conference’s economic outlook panel, seafood company advisors and CEOs said they expect a combination of factors will lead to increased M&A activity. […]