Xenon Private Equity took over Panapesca

Fineurop Soditic acted as exclusive financial advisor to Xenon Private Equity in the acquisition of Panapesca.

The deal includes the acquisition of 100% stake in the holding company as well as Thai Spring Fish Co, Prodimar, Mega Surgelati and a minority stake in Tirrenica.

Panapesca, headquartered near Pistoia and founded in 1965, is one of the Italian leader in stock acquisition, processing and sale of frozen fish and seafood products.

The Group controls and directly manages large part of the value chain, starting from direct purchasing worldwide, processing in its own production plants and distributing to retailers and end users.

The Group operates 3 production centres located in Italy, Thailand and Morocco and distributes its products through retail channel,  wholesale, food service and Crios stores.

Panapesca employs approximately 600 people and achieved 2018 turnover of around Euro 160 million.

 

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