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Platinum Equity today announced the signing of a definitive agreement to acquire a majority stake in Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. The sellers and members of the Iberconsa management team will be minority investors alongside Platinum Equity. . .

“Portobello Capital took control of the fishery in December 2015 . . .

The entry of Portobello Capital in Iberconsa means 90 million investment that will allow the fishing company continue with its expansion phase . . .

The Spanish Private Equity Firm continues investing its Fund III by acquiring a majority stake within Ibérica de Congelados, a leading company in the Frozen Seafood Products Industry.