Bankruptcy trustee predicts potential IPO for China Fishery’s Peruvian assets
William J. Brandt, the president and CEO of financial restructuring and advisory firm Development Specialists, Inc. (DSI), is the court-appointed trustee overseeing the sale of China Fishery’s Peruvian assets, as part of its Chapter 11 bankruptcy proceedings. Unable to secure a sale of the assets, Brandt has signed off on a plan formulated by the company’s creditors to take over the company.
In an interview with SeafoodSource, Brandt discussed the details of the sale process and offered predictions for how the company will be handled by its new ownership group.
SeafoodSource: You have said the upcoming presidential election in Peru harmed your chances for selling the assets of CFG Peru Singapore (Peruvian Opcos). How so?
Brandt: No one would have predicted this deal would be coming to culmination in what …
Photo courtesy of DSI