Cooke Seafood USA wins bid for Uruguay’s Fripur

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A judge has given preliminary approval to a bid from an affiliate of Canada’s Cooke Aquaculture to purchase the shuttered operations of Uruguay’s largest processor, Fripur, a Cooke spokeswoman confirmed.

Cooke Seafood USA, which last year bought Wanchese Fish Company, put in a bid for 100% of Fripur’s operations in December alongside a rival bid from a co-operative of Fripur workers. But the judge ruled out the cooperative’s bid and approved one from Cooke Seafoods.

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How to Invest in Seafood Stocks

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Some exotic stocks on global markets may provide your best opportunity to invest in seafood stocks.

Fishing is one of humanity’s most ancient food-gathering methods. But in terms ofpublicly traded companies, the industry is still fairly immature.

However, there are a handful of firms – including several that trade on global exchanges– that could lure investors into an industry that is essentially a bet on the increasing demand for high-protein, healthy diets.

“It’s [a] sustained and long-term and permanent demand,” says Ignacio Kleiman, managing partner of Antarctica Advisors, a food industry investment bank in Florida.

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Antarctica Advisors Honored as “2015 US Niche Investment Banking Advisor of the Year” by Acquisition Finance Magazine

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Miami, Dec. 21, 2015 – Acquisition Finance Magazine (“ACQ5”) awarded Antarctica Advisors LLC as “2015 US Niche Investment Banking Advisor of the Year” (Food Sector). In a statement, Ignacio Kleiman, the Company’s Managing Partner, expressed his appreciation to ACQ5 for honoring Antarctica Advisors, emphasizing the firm’s devotion to achievement and excellence in providing Mergers and Acquisitions services to its middle market Food and Seafood clients.

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Cooke Seafood Group Offers to Acquire 100% Fripur Assets Antarctica Advisors Acts as Investment Banking Advisor

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Montevideo, Uruguay, Dec. 18, 2015 – The parent company of Cooke Seafood USA, Inc. submitted an offer to acquire 100% of the assets of the Uruguayan seafood company, Fripur S.A. on Wednesday, December 9, 2015. Antarctica Advisors, the leading Seafood Industry focused investment banking firm, is acting as Cooke’s exclusive investment banking advisor in this transaction. Read more

Daybrook Fisheries’ acquisition by Oceana Group

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Ignacio Kleiman is the Managing Partner at Antarctica Advisors. Here he tells Finance Monthly about his firms role in Daybrook Fisheries’ acquisition by South Africa’s Oceana Group. Read more

Oceana Group completes the Acquisition of Daybrook Fisheries, a Transaction Valued at USD 382 million Antarctica Advisors LLC Acts as its U.S. Investment Banking Advisor.

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Miami – July 22nd 2015 –Antarctica Advisors LLC, a leading Food Industry-focused investment banking firm, acted as U.S. investment banking advisor to South Africa’s Oceana Group Ltd. in the acquisition of Louisiana-based Daybrook Fisheries, Inc., which was completed today.

Johannesburg-listed Oceana Group has today completed the acquisition of Daybrook Fisheries for a purchase consideration of USD 382.3 million. Daybrook Fisheries is a leading privately-owned, vertically-integrated fishing company based in Louisiana engaged in the processing of Gulf Menhaden into fishmeal and fish oil for domestic and international markets. Read more

Antarctica Advisors LLC acts as Advisor to East Coast Seafood and Garbo Lobster in their new partnership with Seafood Investment Group

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Miami – July 2nd 2015 – The Seafood Team of Antarctica Advisors LLC, a leading
Food Industry-focused investment banking firm, acted as the exclusive financial advisor to East Coast Seafood andGarbo Lobster, two of the largest lobster suppliers in North America, in the formation of a new partnership with Seafood Investment Group (SIG), a long-term equity capital provider. SIG’s investment will further accelerate growth at the companies’ value-added processing joint-venture, Maine Fair Trade Lobster. Read more

Antarctica Advisors LLC Acts as U.S. Investment Banking Advisor to Oceana Group in the Announced Acquisition of Daybrook Fisheries, a Transaction Valued at Close to USD 400 million

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Miami – May 20th 2015 –Antarctica Advisors LLC, the leading Food Industry-focused investment banking firm, acts as U.S. investment banking advisor to South Africa’s Oceana Group Ltd. in its announced transaction with Louisiana-based Daybrook Fisheries, Inc.

Johannesburg-listed Oceana Group announced today that it has signed an agreement to acquire 100% of Daybrook Fisheries for a purchase consideration of USD 382.3 million. Oceana Group is majority controlled by Tiger Brands, a leading economic group in South Africa, and investment fund Brimstone Ltd. Daybrook Fisheries is a leading privately-owned, vertically-integrated fishing company engaged in the processing of Gulf Menhaden into fishmeal and fish oil. Read more

Oceana confirms $382m deal for Daybrook Fisheries

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South Africa’s Oceana Group has confirmed a deal with the parent company of US menhaden harvester Daybrook Fisheries, for $382.3 million.

The board of directors of Oceana has announced that it has concluded an agreement to acquire 100% of the the firm indirectly, by combination of a merger and stock purchase, for approximately ZAR 4.6 billion, which will be settled in cash.

The deal will be satisfied through a combination of Oceana cash on hand, term debt facilities (as required), an equity bridge facility and United States debt. Read more

Oceana deal could spark new wave of US M&A

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South African firm Oceana’s $382.3 million (€341.1 million) acquisition of US menhaden fishing and processing group DaybrookFisheries may embolden other foreign companies to begin investing in the fragmented US seafood sector, and put pressure on domestic players to get involved as well, according to Ignacio Kleiman of Antarctica Advisors, the sole US investment banking advisor on the Oceana deal.

“This will give a lot of confidence for larger foreign companies to put money into the US sector,” Kleiman told IntraFish. “A lot of companies have looked but they haven’t pulled the trigger because it can be hard to understand.”

“This is not just a big deal for Oceana, but for the industry as a whole,” he added. “Other players are going to look into the US opportunities more seriously.” Read more