Seamus FitzPatrick, founding partner of London-based private equity firm CapVest Limited, owners of Young's Bluecrest and Findus, told attendees at the Glitnir luncheon at the 2006 European Seafood Exposition the fundamentals of the seafood business make it an exciting area for investment.
When making its investment decisions, CapVest is selective. The firm looks for cash-generative, non-discretionary businesses in the €50 million ($64 million) to €500 million ($637 million) range with strong management. Within that, market leaders are the most attractive.
Hundreds of global seafood firms fit in the above category, and the industry's framentation means it is ripe for consolidation and growth.
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