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August 11, 2010

PE eyes upstream ‘risks’ in aquaculture, fishing

By Tom Seamen

Is the private equity focus of looking mainly to “safe” investments in branded, consumer facing, seafood businesses shifting upstream to fishing and aquaculture?

Well, not entirely. The recent auctions for Findus Italy — where Lion Capital and Permira traded slugs — and Picard Surgeles — where Lion won out from competition from Blackstone and BC Partners — show PE still loves branded seafood.

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