Ignacio Kleiman warned that Latin America’s seafood industry is facing “unprecedented uncertainty” because political upheaval in Argentina, Chile, Peru and Ecuador has spurred companies with strong finances to look overseas, meaning domestic investment will slow and only sporadic strategic deals are likely
Ignacio Kleiman told Undercurrent that a “perfect storm” of inflation‑driven cost increases, higher interest rates and reduced consumption will force seafood companies to recapitalize and merge, predicting more consolidation across upstream and downstream sectors as firms struggle to protect margins
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.