Haynes and Boone in Law360: Six Firms Guide $382M Fish Co. Deal

06/01/2015

South African fishing company Oceana Group Ltd. has struck a deal to buy DLA Piper-repped fish processor Daybrook Fisheries Inc. for $382.3 million in a deal steered by Hogan Lovells LLP, K&L Gates LLP, Haynes and Boone LLP, Kean Miller LLP and Webber Wentzel. 

Empire, Louisiana-based Daybrook owns a fishmeal plant directly and a fishing operation through its subsidiary Westbank LLC. Oceana will buy the processing plant outright and a 25 percent stake in the fishing operation, because fishing licenses are only granted to vessels with at least 75 percent U.S. ownership, according to a statement announcing the deal. Oceana has been on the hunt for an international target, and CEO Francois Kuttel said Daybrook is a good catch...

Oceana is the largest fishing company in South Africa, according to the company. It catches, processes, markets and distributes canned fish, fishmeal, fish oil, horse mackerel, lobster and squid.

Excerpted from Law360. To read the full article, click here (subscription required).

Related Practices

Email Disclaimer