Salmones Camanchaca has placed 30% of its shares in an Initial Public Offering
January 2018 — Compañía Pesquera Camanchaca S.A has completed an IPO for 30% of Salmones Camanchaca for US$106 million. It is the first IPO of 2018 in Chile and Norway and the first and only Latin American company to be listed on the Oslo Stock Exchange, the main seafood market in the world.
Salmones Camanchaca is a fully integrated salmon farmer with operations in region X and XI of Chile, with circa 80% of sales to the US and emerging markets. The company, founded in 1986, is headquartered in Santiago, Chile, and has 1,240 employees. Salmones Camanchaca is owned by Compañía Pesquera Camanchaca S.A., listed on the Santiago Stock Exchange.
The demand for the shares of Salmones Camanchaca exceeded the offer by 8 times, totaling 459 orders for a total amount of US$830 million, with significant international participation.
Our role in the transaction
Oaklins' team in Chile advised Compañía Pesquera Camanchaca in this transaction, selecting the most suitable market to perform the placement.
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreVeremark has completed a secondary share sale
Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.
Learn moreKPS Food Group has joined ForFarmers Polska, a joint venture controlled by ForFarmers N.V.
ForFarmers N.V. has strengthened its position in Poland’s growing poultry market through the establishment of a joint venture with KPS Food Group, a leading poultry producer with operations spanning farming, slaughtering and food processing. ForFarmers’ existing Polish joint venture, Tasomix, and KPS’s operations have been combined to form ForFarmers Polska, which has an enterprise value of approximately US$585 million. ForFarmers holds a controlling 50.5% stake and will fully consolidate the joint venture. The founders of KPS and Tasomix remain minority shareholders.
Learn more