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.

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 Thailand, Vietnam, Indonesia, China as well as Taiwan, it is poised to grow further.

“We think there’s huge potential for this company to continue to grow both organically and through MA,”...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222