On March 7, 2019, Los Angeles-based global investment firm Platinum Equity announced the signing of a definitive agreement to acquire a majority stake in Spanish seafood provider Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. Iberconsa maintains an owned fleet of 45 vessels, five processing plants and four cold storage distribution facilities. Iberconsa’s fleet operates primarily in Argentina, Namibia and South Africa, and the company’s products are sold in more than 60 countries.
On March 7, 2019, Los Angeles-based global investment firm Platinum Equity announced the signing of a definitive agreement to acquire a majority stake in Spanish seafood provider Grupo Ibérica de Congelados, S.A. (“Iberconsa”) from Portobello Capital and affiliates of the company’s founding families. Iberconsa maintains an owned fleet of 45 vessels, five processing plants and four cold storage distribution facilities. Iberconsa’s fleet operates primarily in Argentina, Namibia and South Africa, and the company’s products are sold in more than 60 countries.