Entries by AntarcticaAdmin

Antarctica Advisors Acts as Exclusive Investment Banking Advisor to Boston Sword & Tuna in its 100% Sale to Fortune International, LLC

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June 13, 2023 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Boston Sword & Tuna, Inc. (“Boston Sword”), one of the largest distributors of fresh, premium-quality, wild-caught and farm raised seafood in North America, in its sale to Fortune International, LLC (“Fortune”), one of […]

Boston buzz: SENA overcome by M&A tidal wave

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‘Everything everywhere all at once’ is not just the name of the movie that won best picture recently. It’s also an accurate description of last week’s Boston seafood show Editor’s note: This is the first in a series of articles summarizing the recent Seafood Expo North America, otherwise known as the Boston seafood show. Tom […]

Access to finance tightening, but savvy seafood businesses can still make deals

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The U.S. Federal Reserve raising interest rates has caused banks to pull back on financing, and that means merger and acquisition activity will slow in the coming quarters, according to a panel of financial experts, speaking during Seafood Expo North America. The panel, on 14 March at SENA in Boston, Massachusetts, agreed higher interest rates […]

Spain’s Profand acquires Greek seabass, seabream farmer

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Spain-based cephalopod and shrimp fishing and processing firm Grupo Profand has acquired a majority stake in Greek seabass and seabream company KefaloniaFisheries. Profand, which is one of Spanish retailer Mercadona’s main suppliers of seafood, said the acquisition “boosts the group’s presence in aquaculture production, specifically in seabream and seabass”. Kefalonia is a fully vertically integrated […]

Kleiman: Icicle whitefish sale boosts all parties’ ‘efficiency’

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For Ignacio Kleiman, advising on Cooke’s recently completed sale of IcicleSeafoods’ whitefish sh harvesting and processing assets to a venture owned by Japan’sMaruha Nichiro and two US community development quota (CDQ) groups was a blast from the past. Kleiman, the managing partner of Miami, Florida-based Antarctica Advisors, told Undercurrent News that he’d advised then employee-owned […]

Maruha, CDQ groups confirm acquisition of Icicle whitefish assets

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Japan’s Maruha Nichiro and two community development quota (CDQ) groups in the US state of Alaska have acquired the whitefish harvesting and processing assets that Canada’s Cooke obtained with its 2016 purchase of Icicle Seafoods. Maruha Nichiro and its CDQ partners, Coastal Villages Regional Fund (CVRF) and Norton Sound Economic Development Corporation (NSEDC), formally announced […]

With over 60 major deals last year, even COVID can’t stop seafood’s M&A streak

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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 […]

Private equity’s massive war chest puts seafood industry in the crosshairs

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 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 […]

Kleiman: Industry dealmakers must ‘dust off, come back stronger’ to compete with PE

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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 […]

Antarctica Advisors Acts as Exclusive Investment Banking Advisor to Mitsui Co. (U.S.A.), Inc. in the sale of assets of Mitsui Foods, Inc. to Gellert Global Group’s Atalanta Corporation

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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 […]