Announced
Financials
Tags
Pending
fish products
Cross Border
seafood
Food Products
Private Equity
Single Bidder
Spain
Majority
Acquisition
Private
Friendly
Synopsis
PAI Partners, a private equity firm, agreed to acquire a 50.1% stake in Angulas Aguinaga, a provider of canned and cured fresh, frozen, smoked, and cured fish and seafoods, from Portobello Capital, a private equity firm. The completion of this transaction is subject to customary regulatory approvals. Financial terms were not disclosed. “The partnership with PAI will help us activate a new phase in our development, and we look forward to benefitting from PAI’s extensive experience in the food sector, as well as its international platform,” Ignacio Muñoz, Angulas Aguinaga CEO.
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