Private Equity firm Portobello Capital acquired a majority stake in the Spanish frozen hake processor Ibérica de Congelados (Iberconsa), through its Fund III.
Grupo Iberconsa is a vertically integrated company, present in fishing, manufacturing, distribution and marketing of frozen seafood products.
It is based in Vigo, where it develops its commercial activity, and exports 45 percent of its sales.
The company sells through all channels, especially retail and foodservice and its production focuses around three species: hake, squid and shrimp.
Iberconsa’s fleet includes ships in Argentina, Namibia and South Africa and has processing plants in Argentina and Namibia, the latter one was renovated recently after a large investment.
It
