MIAMI, May 21, 2015 /PRNewswire/ -- Antarctica 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.
Antarctica's experienced advisory team provides corporate clients in the Food Industry with a wide range of investment banking services. In addition, 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 the firm and long-time advisor to some of the leading seafood companies in the world commented: "This is a great transaction for both our client, Oceana Group, and the sellers. The Oceana management team is world-class and will continue with the long-standing tradition of excellence Daybrook is known for. As for the global Seafood Industry, it is a game changer, due to the transaction size and strategic importance. We expect that this transaction will fuel further North American and cross-border consolidation, and Antarctica's highly-specialized Seafood Team will continue to play a leading role for the benefit of our clients."
For further information on this transaction contact:
Birgir Brynjolfsson, Antarctica Advisors LLC, + Tel. +1-646-463-3929, BB@AntarcticaLLC.com
About Antarctica Advisors
Antarctica Advisors LLC is an independent strategic and financial advisory firm formed by a group of seasoned investment banking professionals with expertise in 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
For further information on Antarctica Advisors LLC please go to www.AntarcticaLLC.com.
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