M&A Deal Summary

Clearwater Seafoods Acquires Macduff Shellfish

On October 12, 2015, Clearwater Seafoods acquired distribution company Macduff Shellfish from Change Capital Partners for 98M GBP

Acquisition Highlights
  • This is Clearwater Seafoods’ 1st transaction in the Distribution sector.
  • This is Clearwater Seafoods’ 0th largest (disclosed) transaction.
  • This is Clearwater Seafoods’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2015-10-12
Target Macduff Shellfish
Sector Distribution
Buyer(s) Clearwater Seafoods
Sellers(s) Change Capital Partners
Deal Type Add-on Acquisition
Deal Value 98M GBP

Target

Macduff Shellfish

Aberdeenshire, United Kingdom
website
Macduff Shellfish (Scotland) Ltd. is a purchaser, processor, marketer and distributor of a range of high quality frozen and fresh shellfish products to retail and wholesale customers in the UK and Mainland Europe.

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Buyer(S) 1

Buyer

Clearwater Seafoods

Bedford, Nova Scotia, Canada

website

Category Company
Founded 1976
Sector Food
Employees1,845
Revenue 616M CAD (2019)
DESCRIPTION

Clearwater Seafoods, Inc. is a vertically integrated seafood company and the largest holder of shellfish licenses and quotas in Canada. It is recognized globally for its superior quality, food safety, diversity of species, and reliable worldwide delivery of premium wild, eco-certified seafood, including scallops, lobster, clams, coldwater shrimp, crab, and groundfish. Clearwater Seafoods was founded in 1976 and is based in Bedford, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Change Capital Partners

London, United Kingdom

Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Change Capital Partners LLP (CCP) is a specialist private equity firm that invests in mid-market retail and consumer goods businesses throughout Europe. CCP seeks controlling positions and looks to invest €20 to €50 million in companies valued from €20 to €250 million. The Firm will consider a variety of transaction situations, including buyouts, corporate divestitures, turnarounds and take privates. Change Capital Partners LLP was formed in 2003 and is based in London.

DEAL STATS #
Overall 5 of 6
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (United Kingdom) 3 of 3
Year (2015) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Hallhuber

Munich, Germany

Hallhuber GmbH is a German women’s wear brand with a distinct positioning of stylish, elegant and distinguished clothes, appreciated by its customers for the high quality of its product and its in-store service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Sebeto

Napoli, Italy

Sebeto is an operator of casual-dining restaurants in Italy and 11 other countries, including the flagship Rossopomodoro pizza chain. Rossopomodoro is one of the best-known restaurant chains in Italy, with a strong identity and a very high brand awareness. It has more than 60 branches across the country and more than 20 outlets internationally, including the US, the UK, Germany, Denmark, and Turkey.

Sell -
Mergr

Product

Company

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