Argonaut acted as Financial Advisor to a Friendly Takeover of Marine Produce Australia Limited (MPA) by Barramundi Asia Pte. Ltd for a total cash consideration of $18.5 million in 2018. Marine Produce Australia Limited is Australia’s largest producer and supplier of ocean grown barramundi and the developer of the iconic “Cone Bay Ocean Barramundi” brand. Argonaut managed a competitive sale involving a number of domestic and international prospective investors to deliver an excellent outcome for MPA shareholders.
Marine Produce Australia Limited owns a Barramundi Sea Cage Farm in Cone Bay, Kimberley where they produce locally grown Barramundi for Australians, boasting freshness and superior taste when it comes to flavour and texture. In 2018, Barramundi Asia Pte. Ltd acquired Marine Produce Australia Limited through a Friendly Takeover. Barramundi Asia Pte. Ltd is part of Barramundi Group, Singapore’s largest world-class sustainable Barramundi farmer. With assets in Singapore in Australia, Barramundi Asia is practising sustainable fish farming through a Recirculating Aquaculture System. The Company boasts its ‘Farm-to-Fork’ policy promising fresh, clean and healthy Barramundi for its local and global customers.
Argonaut | Perth
Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia
ABN 72 108 330 650
SFC CE No. AXO052