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Announced

Completed

ICG completed the investment in Big Mama Seafood.

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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