Ignacio J. Kleiman: “La industria es ineficiente porque está muy fragmentada”

“Habrá más concentraciones de empresas y se acelerará la internacionalizacion”

Ignacio J. Kleiman habla desde Miami con acento argentino. Socio director de Antarctica Advisors, la compañía es una de las únicas consultoras especializadas en el sector pesquero. “Vemos esta industria como un tablero de ajedrez a nivel mundial y somos jugadores”.

– ¿Va a continuar el movimiento de consolidación de empresas en la industria pesquera?

– Absolutamente. Estamos hablando de una industria global, hay mucho movimiento de producto. El pescado está donde está, si quieres consumir pescado de agua fría en lugares cálidos tienes que moverlo, y viceversa. Además está fragmentada, hay compañías muy grandes y miles de medianas y pequeñas. A medida que la industria se vuelve más globalizada y competitiva va a tener que haber más consolidaciones porque requiere capital, calidad, eficiencia, management? Enviar productos perecederos como los pesqueros y de alto valor, con el añadido de que son para alimentación, tiene muchas barreras. Eso requiere de un cierto nivel de sofisticación.

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Daybrook Fisheries’ acquisition by Oceana Group

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.

Miami – July 22nd 2015Antarctica 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

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

Miami – May 20th 2015Antarctica 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

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

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

SENA15: ‘On the Money’ panel to delve into seafood industry investing

The annual SeafoodSource.com Business Forum will take a hard look at what some say the seafood industry needs most: outside investment.

The “On the Money: Trends and Opportunities for Investing in Seafood” panel discussion brings experts from three sectors of the seafood economic landscape together: commercial banking, investment banking and investing. Read more

Investors rush in for Contessa assets

The trustee selling off the assets of shuttered US Company Contessa Premium Foods received a flood of 40 inquiries from parties interested in purchasing Contessa’s assets during the first 36 hours after the company’s closure went public.

There is an unusually high level of interest, an unusually prompt response, Steve Victor, senior vice president of the trustee, management consulting firm Development

Specialists Inc., told Undercurrent News on Friday.

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Advisor: Latin America primed for seafood investors

While Latin America may be one of the most promising and accessible areas to acquire and invest in natural resources, non-Latin companies have been — with a few notable exceptions — reluctant to jump into the fray.

“There is a risk perception that is higher than reality,” Ignacio Kleiman, managing partner with advisory firm Antarctica Advisors, told IntraFish.

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