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New Deal


Announced

Investcorp to acquire Fortune International for $105m.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Food Products

Majority

seafood

Private

Pending

Acquisition

Friendly

United States

fish food

Private Equity

Single Bidder

Cross Border

Synopsis

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Investcorp, a private equity firm, agreed to acquire Fortune International, a premium seafood and gourmet food distributor for $105m. “Fortune has established itself as a clear leader in its regional market with the quality of its products and the high touch service which it provides to customers. The company has developed a robust global supply chain to meet steady demand for fresh seafood in the Midwest, and we look forward to supporting Fortune’s continued success by working with Investcorp on this transaction,” Randy Schwimmer, Churchill Senior Managing Director and Head of Origination and Capital Markets.

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