Argonaut acted as Financial Advisor to Marine Produce Australia Limited (“MPA” or the “Company”), developer of the iconic “Cone Bay Ocean Barramundi” brand and Australia’s largest producer and supplier of ocean grown barramundi, for the 100% Company Sale to Singaporean ocean grown barramundi supplier, Barramundi Asia Pte. Ltd (“BAPL”). BAPL acquired MPA via an off market cash takeover, offering A$0.50 per share to MPA shareholders for a total cash consideration of $18.5 million.
Argonaut managed a competitive Company Sale Process involving a number of domestic and international prospective investors, provided key negotiation and transaction execution support and helped deliver an excellent outcome for MPA shareholders.
Argonaut is delighted to have assisted MPA with their Company Sale Process and wishes them every success in their future endeavours.
Additional information regarding MPA can be found on the Company’s website at www.marineproduce.com.