2023-11-01 20:30:15
New York (ots/PRNewswire) – Peritus Capital is pleased to announce its role as lead arranger and financial advisor to Pacifico Aquaculture SAPI de CV (Pacifico) regarding the project financing agreement with Equilibrium Capital. Terms of the transaction were not disclosed.
The funding will go toward the construction of a state-of-the-art recirculating aquaculture facility that will expand Pacifico’s rearing and hatching capacity for striped bass juveniles before deploying them to nursery ponds on Mexico’s Pacific coast.
The use of RAS for juvenile fish rearing and fish enlargement prior to sea-rearing is a proven strategy in developed large-scale farms. Applying this strategy can reduce disease and predation-related fish mortality, improve feed conversion, and increase profitability and marine sustainability.
This transaction marks the first time a commercial-scale RAS facility has been integrated into a striped bass breeding facility, supporting Pacifico’s tremendous growth plans.
Pacifico Aquaculture SAPI de CV (Pacifico) is a portfolio company of Butterfly Equity, a food-focused private equity firm with over $4 billion in assets under management.
Peter Tang, Chief Financial Officer and Managing Director at Butterfly Equity, commented: “We were very impressed by the professionalism and industry knowledge of the Peritus team in this complex, cross-border asset financing. This is a transformative investment that will allow Pacifico to significantly expand its production capabilities to meet robust market demand for sustainably farmed striped bass.”
“We are very proud to have supported the wonderful teams at Pacifico, Equilibrium and Butterfly Equity; the capital markets have been challenging, but Pacifico is an outstanding company. We are pleased that Equilibrium has realized its full potential,” added Howard Tang, CEO of Peritus Capital.
Information regarding Peritus Capital Peritus Capital is a minority-owned boutique investment firm that invests in and supports the global development of early-stage, return-producing companies and established companies that integrate environmental, social and governance (ESG) principles into their business models and financed. Peritus Capital is a broker-dealer registered with the US Securities and Exchange Commission and a member of FINRA. www.perituscap.com.
courtney@perituscap.com
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ching@perituscap.com
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