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 2015 –Antarctica 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.
Antarctica acted as the U.S. Investment Banking Advisor to Oceana Group originating the transaction and arranging for U.S. based acquisition financing package. Antarctica’s experienced M&A advisory team provides corporate clients in the Food Industry with a wide range of investment banking services. Further, Antarctica maintains a highly specialized Seafood Industry M&A practice, unique in the investment banking industry, with a widely recognized track record of deal origination and execution.
Ignacio Kleiman, Managing Partner of Antarctica Advisors commented: “The transaction completed this week is an important strategic transition for our client and positions it as a leading producer of fishmeal and fish oil in the U.S. This transaction illustrates the strategic importance of the U.S. seafood resource for domestic and international players. The Seafood M&A team at Antarctica originated the transaction through its established long standing relationships with both buyer and seller and arranged for U.S. based acquisition financing through its relationships with leading commercial banks in the U.S. and Canada. Our highly-specialized Seafood Team continues to provide our clients with successful deal origination and execution through our extensive knowledge and experience in the Seafood Industry”
For further information on this transaction contact:
Birgir Brynjolfsson, Antarctica Advisors LLC,
About Antarctica Advisors
Antarctica Advisors LLC is an independent strategic and financial advisory firm led by a group of seasoned investment bankers with expertise in Food Industry M&A advisory and private equity and debt capital raising. Antarctica’s team of experienced professionals provides corporate clients with knowledge-based, senior-level financial and strategic advice. Antarctica’s office is strategically located in Miami (Florida) providing close connection to its corporate clients in the Americas, Europe and Asia. Antarctica Advisors LLC is a licensed broker-dealer, member of FINRA and SIPC