MIAMI, Dec. 15, 2016 /PRNewswire/ -- Antarctica Advisors International Corp, the leading Seafood Industry-focused investment banking firm, acted as M&A advisor to Cooke in the acquisition of 100% of the fishing business of Fripur S.A. in Uruguay and Grinfin S.A. in Argentina.
Canada's Cooke, one of the largest seafood companies in North America, on Wednesday completed the acquisition of 100% of the business of Fripur S.A. in Uruguay and Grinfin S.A. in Argentina. Fripur was one of the leading vertically integrated seafood companies in South America. With 13 fishing vessels in Uruguay and 4 fishing vessels in Argentina, the Company has access to 24,000 MT of hubbsi hake and 1,600 MT of red crab. The Company also counts with a processing facility in Montevideo, Uruguay.
Glenn Cooke, the CEO of Cooke, commented: "The acquisition of Fripur will strengthen our position and fuel growth in Latin America. We will work diligently to once again make Fripur a world class seafood exporter. The Seafood Team at Antarctica leveraged its knowledge of the business and its relationships in the region to successfully negotiate and execute the transaction."
Antarctica Advisors is an independent M&A advisory firm providing its corporate clients in the Seafood Industry with wide range of specialized investment banking services. Antarctica's Seafood Team maintains a widely recognized track record of deal origination and execution unique to the investment banking industry.
Ignacio Kleiman, Managing Partner of Antarctica, commented: "This is a highly strategic transaction for our client and for the future of the stakeholders of Fripur. Our specialized M&A Seafood Team played an important role in identifying the opportunity and execute this complex transaction for the benefit of our client. The professional management team at Cooke illustrated its skills and courage to take on a cross-border transaction with the support of our experienced M&A team."
About Antarctica Advisors
Antarctica Advisors International Corp 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 bankers provides our international corporate clients with knowledge-based, senior-level financial and strategic advice. Antarctica's offices are strategically located in Miami, FL, and Santiago, Chile, providing close connection to its corporate clients in the Americas, Europe and Asia.
For further information on Antarctica Advisors International Corp please go to www.AntarcticaINTL.com
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SOURCE Antarctica Advisors