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Iberconsa is an international company specialized in the fish, manufacture, distribution and commercialization of frozen seafood products.

Type of Operation



Portobello Fund III

Investment date

December 2015 / Exit date: May 2019


Wild-catch fishing

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.

Why did we invest in Iberconsa?

  • Uncorrelated 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