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IBERCONSA

Deal type:
Buyout
Date of investment:
December 2015
Fund:
Portobello Fund III
Activity:
Wild-catch fishing of hake, schrimp and squid
Industry:
Consumer good

Company description

Grupo Iberconsa is an international company specialized in the fish, manufacture, distribution and commercialization of frozen seafood products. It is a vertically integrated company, present in every stage of the value chain.

Iberconsa is based in Vigo, where it develops its commercial activity, and exports 45% of its sales. It sells through all channels, specially retail and foodservice. Its production focuses around three species: hake, squid and shrimp.

Iberconsa’s fleet includes ships in Argentina, Namibia and South Africa. It has processing plants in Argentina and Namibia. It owns also a wide network of retail stores and a stake in two refrigerators in the Spanish region of Galicia.

Why did we invest in Iberconsa?

  • Uncorrelated growth:
    • Strong market growth – growing global demand for fish protein products
  • Quantitative leaps:
    • Consolidation of quota in the main fisheries
    • Access to distribution channels allowing new product launches
  • Industry Leader:
    • # 3 player of the Spanish frozen seafood business
    • # 1 worldwide player in catch and processing of on-board frozen hake

www.iberconsa.es

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