Cooke Seafood Group Offers to Acquire 100% of Fripur Assets

Antarctica Advisors Acts as Investment Banking Advisor

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Dec 18, 2015, 09:00 ET

MONTEVIDEO, Uruguay, Dec. 18, 2015 /PRNewswire/ -- The parent company of Cooke Seafood USA, Inc. submitted an offer to acquire 100% of the assets of the Uruguayan seafood company, Fripur S.A. on Wednesday, December 9, 2015. Antarctica Advisors, the leading Seafood Industry focused investment banking firm, is acting as Cooke's exclusive investment banking advisor in this transaction.

Cooke Seafood USA, Inc. owns the Wanchese Fish Company, which has operations in the USA and Argentina and a sales office in France. The Wanchese Fish Company has established a business model with highly profitable global operations. The company harvests, processes and distributes a wide variety of seafood products to customers in the US and Europe and enjoys long term relationships with major food service and retail clients around the world.

The offer complied with the terms of the Court's Specifications, including the deposit of a guarantee and an economically sustainable Business Plan that incorporates workers in a progressive manner. Cooke Seafood USA has engaged Irrazabal & Asociados and Antarctica Advisors to comply with formal requirements set by the Court at the opening of tenders in order to successfully acquire the assets of Fripur.

About Antarctica Advisors
Antarctica Advisors is an independent strategic and financial advisory firm formed by a group of seasoned investment banking professionals with expertise in M&A advisory and private equity and debt capital raising. Antarctica's team of experienced professionals provides corporate clients with knowledge-based, senior-level financial and strategic advice. Antarctica's office is strategically located in Miami (Florida) providing close connection to its corporate clients in the Americas, Europe and Asia.

For further information on the transaction please contact Ignacio Kleiman at [email protected]

For further information on Antarctica Advisors please go to www.AntarcticaINTL.com

SOURCE Antarctica Advisors