Big catch: Why Permira values Asian fish food group at $1b

The private equity firm’s Alex Emery sees Grobest as an increasingly valuable link in the food value chain at a time when pressure is mounting on farmers to use less antibiotics in acquaculture.

Big catch: Why Permira values Asian fish food group at $1b

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...

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