London-based private equity firm Ocean 14 Capital is investing more than €10 million ($9.7 million) in Brazilian tilapia producer Tilabras to help finance its expansion.

The capital will be used to expand Tilabras’ farming base, increasing capacity and efficiency of production, as well as continuing the vertical integration of the group with a new processing plant and hatchery.

"The period ahead of us is one of great expansion and development and we must do so with an ever-stronger commitment to sustainability," said Nicolas Landolt, founder at Tilabras.