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The US’ two largest Pacific cod longline companies have officially merged, sources confirmed to Undercurrent News. A deal between Clipper Seafoods and Blue North, which received the go-ahead from the US Department of Justice earlier this week, closed at 12:01 a.m. Friday, Sept. 13, sources said. However, an investment in the company from the Bristol Bay Native Corporation (BBNC), which plans […]
Our exclusive survey of over 300 top seafood executives gives guidance to where the industry is headed. Download it now! Seafood executives are in an optimistic space right now, with many saying they expect higher revenues, more M&A activity and more investment in infrastructure and new product development in the coming year. That’s according to […]
The Blackstone Group has just raised more than $22 billion from investors for its latest private equity fund. With this mountain of money could the US-based buyout giant look at seafood mergers and acquisitions (M&A)? Given the increased private equity appetite for seafood M&A, maybe, according to Undercurrent News sources. Blackstone — the world’s largest asset manager […]
By Jason Huffman, Tom Seaman and Jason Smith The seafood industry has a fever and the only thing that will cool it down in 2019 is more consolidation. To say there were a lot of mergers and acquisitions in 2018 would be an understatement. Undercurrent News has identified 127 deals, up from 117 in 2017 […]
Undercurrent News – August 22, 2018 North American companies need to be more aggressively seeking access to raw material resources overseas, believes Birgir Brynjolfsson of Antarctica Advisors. Speaking to Undercurrent News, Brynjolfsson – who worked as the exclusive advisor to Mitsui & Co on its March 2018 deal for Mark Foods – noted there is a perception […]
The likely upcoming sale process for Portobello Capital’s stake in Grupo Iberica de Congelados (Ibercosa) will attract a lot of trade and private equity interest, with the Madrid, Spain-based private equity (PE) investor in a strong position, said one banker. According to one source, Gorjan Nikolik of Rabobank, investors should look at unifying Ibercosa and […]
The investment from Mitsui & Co in Mark Foods shows large, global groups are realizing acquiring or investing in a US distributors is the fastest way to get access to the market, said the advisor to the giant Japanese conglomerate on the deal. “Global companies are realizing it takes a lifetime to build a market […]
US seafood companies may have a window. President Trump’s increasingly tough stance on trade is worrying many US seafood industry players, as it does not necessarily consider that some 85-90 percent of the seafood we consume in this country is imported. Increasing barriers to imports many result in higher raw material costs, lower profitability, a […]
Son negocios en expansión con generación constante de caja, de ahí que sean atractivos para este tipo de sociedades. La comercialización de productos del mar está al alza en Europa (por la recuperación del consumo tras la crisis), Estados Unidos (con nuevos formatos) y Asia (por una creciente clase media en China). En Galicia es […]
Antarctica Advisors LLC
175 SW 7TH ST, SUITE 1711
MIAMI, FL 33130-2958
UNITED STATES
Tel: +1-305-961-1638
Transaction SummaryAntarctica Advisors, the leading Seafood Industry-focused investment banking firm, acted as the exclusive financial advisor to Clear Springs Foods, Inc. in its 100% sale to Riverence Holding LLC. The combined group is the largest producer of trout in the U.S., becoming one of the largest aquaculture companies in the country.
Antarctica’s specialized Seafood Team worked with the Board and Management in finding the best strategy for the Company, advised in the Company’s refinancing prior to the sale, and led a closed competitive sales process geared towards maximizing value for the Company’s employee-owners.