Permira has agreed to buy half of fish food company Grobest Holdings at a time when Asia’s burgeoning middle class is spending more on a healthier, protein-rich diet.
The European private equity firm's investment places an enterprise value on Grobest of around $1 billion. It will be in a 5050 ownership partnership with the two Taiwanese families that founded Grobest in 1974.
While Grobest already has feed mills spread across...