aquaculture

The takeover values Angel Seafood at A$32.3m and represents a 60% premium to its last closing share price before the bid was announced.

The European impact firm has raised €95m for its ocean impact strategy and plans to invest in biodiversity measurement tools to dive into biodiversity credits.

Laguna Bay has made a non-binding indicative offer of A$0.20 per share in cash for Angel Seafood and has entered a period of exclusive due diligence.

The fund manager could invest in areas such as on-shore aquaculture and greenhouses as its LSE-listed forestry investment trust nears flotation.

The approval, along with a commitment from JBS to animal welfare, should see it overcome opposition from Tattarang to its takeover.

A final close is expected within months, 8F Asset Management said, with further funds focused on the Middle East and China to follow soon.

The GP says it will not receive 50% of its carried interest if it fails to meet new fund’s impact goals, which will be verified by an independent third party.

The land-based aquaculture company will establish facilities in Abu Dhabi, China and Brunei as it targets to produce 260,000 tonnes of salmon per annum.

Joint ventures, new funds and private placements all focused on securing exposure to new and existing aquaculture businesses points to a long-term interest in the industry.

Neptune brings the aquaculture experience of ex-AMERRA head of PE Thor Talseth while Stafford has been ramping up its ag credentials for the last three years – what can the duo accomplish?