French distributor acquired by Perceva Capital
Independent French investment firm Perceva Capital on Monday acquired a 70 percent stake in Mariteam, a leading French seafood distributor.
Mariteam, which operated as GS Invest, distributes up to 14,500 metric tons of seafood annually to more than 1,500 clients. ?The company employs 220 people and posted revenues of EUR 80 million in fiscal 2010-11.
The acquisition will allow Mariteam to strengthen its financial structure, which has multiplied its revenues eightfold in just five years, as well as provide the means to further innovate and expand into new markets.
“In just a few years, Mariteam has become a major player in its industry, serving clients with a strategy based on the distribution of high quality products and secured provisioning,” said Franck Kelif, Perceva Capital partner. “Accompanying Mariteam is fully in line with the mission of Perceva Capital to work alongside French small and mid-sized companies over the long term.”
Added Mariteam President Sendil Selva, “This re-capitalization and new shareholder backing will enable Mariteam to turn a new page in its history and will provide the company with the means to execute its mid-term development strategy.”