Global investment firm Permira acquired 50% of the shares of Grobest $317m. The company is one of the largest independent and most advanced producers of aquatic feed in Asia. The transaction is processed through a new joint venture company that will become the sole corporate shareholder of Grobest after closing. The shareholder group led by Grobest CEO Ko Chi-kang and Chairman Chen Chun-ping, will also retain a 50% stake in Grobest. Grobest was identified by Permira as a highly attractive investment opportunity based on its strong technical capabilities and R&D leadership across warm water species, wide regional presence, and its vision for expanding the business further across Asia and globally. “Farmed fish and shrimp are some of the most efficient and fastest-growing​ sources of protein for a growing population. The global aquaculture market is still in its infancy, and feed and health products are critical components and an attractive part of the value chain to build a sustainable industry. The value of the global aquaculture market is estimated to be approximately $175bn and Asia makes up around 90% of the aquaculture volume globally and is one of the most rapidly growing regions. We see significant potential for Grobest to continue to grow and support the aquaculture industry with innovative products, both in Asia and around the world.” Ola Nordquist, Head of Permira Nordic.​