Australis Seafoods S.A. has been acquired by Joyvio Group
Australis Seafoods S.A. has been acquired by Joyvio Group.
Australis Seafoods S.A., through its subsidiaries, produces, markets and sells salmon in Chile and internationally. Its products include a range of Atlantic salmon, Pacific salmon and trout products. The company was incorporated in 2007 and is based in Las Condes, Chile.
Joyvio Group is a subsidiary of Legend Holdings, a publicly listed company in Hong Kong with an enterprise value of approximately US$40 billion. Joyvio is mainly engaged in the fruit, animal protein-related and processed food businesses. With the aim of improving food quality for Chinese consumers, Joyvio has developed two supply chains of fresh fruit and fresh seafood products.
Company was publicly listed so a Public Tender Offer was executed
Oaklins' team in Chile advised the controlling shareholders of Australis Seafoods during the entire sale process, including the review of the company, due diligence, negotiation and closing of the transaction. The team also acted as the agent of the Public Tender Offer executed by Food Investment SpA (Joyvio’s Chilean SPV) which ended on 29 July 2019 with the successful acquisition of 99.838% of the company.
Talk to the deal team
Related deals
DP&S has become part of Verstegen Spice Group
Dutch Protein & Services (DP&S) has become part of the Verstegen Spice Group and will be positioned as an independent operating company within the group, the family-owned business of Michel Driessen, which also includes Verstegen Spices & Sauces. Through the transfer of shares from Chris Driessen to his brother Michel Driessen, the family businesses are reunited, creating a solid foundation for the next phase of growth.
Learn moreValmiermuižas Alus has been acquired by Cēsu Alus
Valmiermuižas Alus has been acquired by Cēsu Alus AS through the purchase of 100% of its shares. The transaction enabled the founder’s exit and strengthened the company’s platform for continued growth within a consolidating Baltic beverage market.
Learn moreSunrise Eggs has been acquired by Agrova International
Sunrise Eggs, one of the UK’s best-established independent egg producers and distributors, has joined Agrova International AS, a European poultry and agri-foods group.
Learn more