United Arab Emirates (UAE)-based E20 Investment has acquired a majority stake in Turkish seabass and seabream producer and processor Lucky Fish from Mediterra Capital Private Equity.
E20 focuses on investing in, developing, establishing, and managing food, agricultural production and processing operations. Mediterra Capital acquired 100 percent of Lucky Fish in 2013.
"This strategic investment is in line with our investment thesis of investing in sustainable companies operating in the agribusiness sector," E20 Investment Group CEO Sultan Read more Al Jaberi said.
"Lucky Fish’s dedication to quality and responsible practices mirrors our own values, making this partnership an exciting and promising venture."
The majority stake taken by E20 Investment marks an important milestone in Lucky Fish's development, Lucky Fish CEO Ismail Aksoy said.
"With the support of E20 Investment, we are confident that we will be able to grow globally by adding new countries to our target markets, as well as increasing our capacity."