Oceana Group acquisition of Daybrook Fisheries

1/8/2015
Acquisition finance, Private acquisition

ZAR 3.9 billion

$ 256 million

Completed

1/8/2015


Overview:

  • Oceana Group, a South African fishing company, acquired New Jersey-based fishing company Daybrook Fisheries in a transaction valued at $382 million. 
  • The Standard Bank of South Africa granted an equity bridge loan and a senior facility to Oceana Group to finance the acquisition. 

Rani Mehta - Journalist

Jurisdiction:

South Africa

Deal types:

Acquisition finance
Private acquisition

Practice areas:

Banking
M&A

Industry sector:

Food and beverage


Firms:

Party: Standard Bank of South Africa (Mandated lead arranger)


Party: Daybrook Fisheries (Target)

Lawyer: Jonathan Klein


Party: Oceana (Acquirer)


Party: Oceana (Acquirer)


Party: Oceana (Acquirer)


Party: Oceana (Borrower, Acquirer)