Announced
Completed
Financials
Sources
Tags
Acquisition
Single Bidder
Private
Completed
Minority
spices and seasonings
Cross Border
Food Products
Private Equity
Friendly
food products
South Korea
Synopsis
Intermediate Capital Group, an asset management and private equity firm, completed the investment in Big Mama Seafood, a manufacturer of natural seasonings intended to offer nutrition and taste to its customers. Financial terms were not disclosed. "Big Mama Seafood is the dominant market leader in the Korean condiment manufacturing market, having enjoyed a first-mover advantage. We are delighted to partner with an experienced management team with a core focus on product excellence. We believe the company is extremely well-positioned for continued growth and look forward to leveraging our expertise to assist in this next phase of development," Wooseok Jun, ICG Head of Asia-Pacific Corporate.
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