Milan-based private equity fund Arcadia SGR acquired 100 percent of the Italian salmon smoker Starlaks Italia on Feb. 16 for an undisclosed price, marking its first investment in the seafood space.

Arcadia is a manager of private equity funds focused primarily on Italian small to medium size enterprises (SMEs) in the lower-mid market. It typically looks for investment opportunities in companies with revenues of between €10 million ($12.1