Nova Austral

Sector: Industrials

Salmon farmer located in the Magallanes region of Southern Chile

Business Overview

  • Salmon farmer located in the Magallanes region of Southern Chile
  • The company owns and operates a modern and flexible processing plant, enabling the production of high end products
  • As a result of the biological conditions of Nova Austral’s farms, the company target to raise the fish with limited use of antibiotics and pesticides which enables them to sell salmon at premium prices

Investment Thesis

  • Remote location of operations reduces risk of diseases and other biological challenges
  • Attractive market fundamentals with the underlying demand for salmon growing by 5-10% annually
  • Production growth is limited with few areas in the world where salmon farming is economical
  • Strong sponsor backing with Altor and Bain Capital
  • Ability to leverage substantial Permira knowledge of the sector

Origination

  • Originated through a strong relationship with Pareto and DnB in Norway, who were acting as joint bookrunners on the transaction
  • Primary transaction

http://nova-austral.cl/