Glenn Cooke noted that cheap capital and investor appetite are encouraging seafood M&A, but valuations are rising due to more institutional buyers; he stressed the need to secure resources and move downstream, while advisors cautioned that outside investors often underestimate the industry’s complexity
Canadian processor Premium Brands and a coalition of Mi’kmaq First Nations completed their C$1 billion takeover of Clearwater Seafoods, with 99.89 % shareholder approval; the partners will each own 50 % of the company, marking a landmark Indigenous investment and creating a business with about C$1.3 billion in sales
Entrepreneur Rodger May and McKinley Capital closed the acquisition of Peter Pan Seafoods from Maruha Nichiro, combining Peter Pan with May’s Northwest Fish Company to form a roughly US$300 million business with processing plants in King Cove and Dillingham, Alaska, and other support sites
Maruha Nichiro, the world’s largest seafood company, has finalized the sale of Alaska seafood processor Peter Pan Seafoods, sources familiar with the deal told IntraFish on Monday. Tokyo-based Maruha Nichiro announced in November it reached a deal to sell the company to an investment group including Alaska-based private equity group McKinley Capital Management and Rodger May, […]
While seafood has proved resilient during the COVID pandemic, investors remain reluctant. Ignacio Kleinman, managing partner of Antarctica Advisors, says large animal protein companies are still largely perplexed by the complexity of seafood. “[They] are used to beef, that comes from only one animal, pork that only comes from only one animal,” he explained while […]
November 11, 2020. Clearwater Seafoods Inc. (TSX:CLR) has entered into a definitive agreement with a coalition of Mi’kmaq First Nations and Premium Brands Holdings Corp (TSX:PBH) for the acquisition of all of the issued and outstanding common shares of Clearwater and the units issued under various equity compensation plans for $8.25 per share in a transaction valued […]
November 5, 2020 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Stolt Sea Farm Investments BV (“Stolt”) in its sale of Sterling Caviar LLC (“Sterling”) to affiliates of Hyde Road Agricultural Associates LLC (“Hyde Road”). Established in 1988 by Jacob Stolt-Nielsen, Sterling became the […]
The sale chips away at another portion of what used to be a massive aquaculture empire. Norwegian shipping, oil and seafood giant Stolt-Nielsen has reached a deal to sell its Sterling Caviar division to land-based bass and sturgeon producer Hyde Road Agricultural Associates, a source familiar with the sale told IntraFish. Sterling Caviar owns and […]
The company announced in February it was looking to sell off the company, which traces its roots back to 1898 in Alaska. Maruha Nichiro-owned Peter Pan Seafoods, one of Alaska’s oldest salmon processing companies, has been sold to a group of investors that includes Rodger May, the former owner of Washington State salmon farms now […]
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.