South Africa-based Abagold Limited, which specializes in on-land abalone aquaculture, said Futuregrowth Asset Management purchased a significant minority stake in the company from existing shareholders.
Abagold operates its on-land abalone farming operation in the town of Hermanus.
The publicly traded company produces in excess of 500 metric tons of abalone per year, making it the largest abalone farm in South Africa.
"The timing and the natural synergies between Abagold and Futuregrowth were what attracted Abagold to approach Futuregrowth when it became known that a few minority shareholders wished to sell shares in the company," said Tim Hedges, managing director of Abagold.
"From
