Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey

The combination of Sykes Seafood and Klaas Puul will create a EUR300 million Pan European seafood business.

Zeus Capital Advises on Creation of EUR300m Seafood Business

  (UNITED KINGDOM, 3/30/2020)
Zeus Capital has acted as exclusive financial adviser to Sykes Seafood on its successful acquisition of Klaas Puul from the Dutch Seafood Company (DSC) and H2 Equity Partners. 

The complex transaction involved multiple stakeholders across Europe and was successfully delivered during uncertain market conditions due to the COVID-19 pandemic.

The combination of Sykes Seafood and Klaas Puul will create a EUR300 million Pan European seafood business with expertise in all species of shrimp that will offer customers across Europe a wide range of high-quality products in chilled and frozen formats for the Retail, Foodservice and Manufacturing sectors.

Klaas Puul is one of the largest shrimp processors in Europe with operations in the Netherlands, Germany, Belgium, Denmark and Morocco. The company has over 3,500 employees with annual revenues of EUR130 million. The business was part of DSC, a portfolio company of H2 Equity Partners.

Sykes Seafood is a family-run business focused on providing customers with sustainably sourced seafood to the highest technical standards. Founded in Liverpool in 1862, the business is best known for suppling warm water shrimp to the UK food and catering industries.

Klaas Puul supplies sustainable, high-quality and distinctive fresh and frozen shellfish and crustacean products.

In addition to its state-of-the-art manufacturing and processing facility in Sefton, the firm has a site in Manchester’s New Smithfield Market, specialising in picking and dispatching products to provide quality control in the supply chain. Sykes also has an international reach, with joint ventures agreed with numerous factories and facilities overseas.

The transaction was led by Zeus Capital’s corporate finance team, split across both its London and Manchester offices, The team, led by Gareth Davies and Richard Hughes, have advised Sykes Seafood on an ongoing basis for the past two years, and provided financial advice to Sykes throughout the acquisition process. This included securing financing from three European banks and assisting with structuring to support the Group’s growth ambitions.

Zeus Capital is a leading adviser to mid-cap private and public companies, and has been prolific across the public and private markets in recent years, acting on 143 transactions that have raised a total of £6.3bn.

Established in 1862, Sykes Seafood has expanded to become one of the UK’s leading independent seafood suppliers.

Alan Dale, Managing Director at Sykes Seafood, says: “The Zeus team have been fantastic to work with on this deal. They have supported us really well throughout the transaction, the true testament of that is that we would be delighted to use them again on the next deal that we do.
“The combination of Sykes and Klaas Puul is something that is very exciting to us as it gives us a platform to conclude further Pan European deals with our core customers and also gives us the additional production capacity that we desperately needed in order to grow our sales.”

Klaas Puul trades in prawns and shrimps that are caught and farmed all over the world.

Richard Hughes, Founder at Zeus Capital, says: “It has been a pleasure advising Sykes on this transaction and working with their highly talented and ambitious management team. We were able to support the team in completing this transaction despite the incredibly challenging macro-conditions, which included securing a debt financing package from three European banks.
“The combination of Sykes and Klaas Puul creates a highly focused and specialised business and the perfect platform for further European acquisitions. We look forward to working with Sykes and Klaas Puul on the next stage of their journey and supporting them in delivering their strategic objectives.”

Sykes Seafood state-of-the-art processing factory is located in Sefton, Manchester.

About Sykes Seafood

Sykes Seafood is a family run business with over a 100 years expirience.Sykes Seafood is a brand built on quality, with only the finest raw materials selected. The company's product range is built upon only the highest sourced raw materials. Sykes Seafood's buyers have worked within the industry and encompass knowledge, experience and confidence in their decisions. The company works with trusted suppliers in joint ventures that have been part of its business for a vast amount of time. Sykes Seafood sources from across the globe with relationships built in a variety of countries through a multitude of languages and it sources the finest and freshest raw material available to buy to UK Technical accreditation and standards.

About Klaas Puul BV

For decades already, Klaas Puul has been one of the leading producers of fresh fish products in Europe. From the catch to delivery to the customer, Klaas Puul manages the entire production and processing procedure. Thanks to its high-quality production system and authentic craftsmanship, the company is able offer the very highest quality in seafood, crayfish and natural prawns and shrimps.

About Zeus Capital

Zeus Capital is an independent investment banking boutique, providing the highest quality advice to clients across a range of sectors and transactions. £1.9bn has been raised by Zeus Capital as Sole or Joint broker and/or book-runner over the last three years.

Source: Zeus Capital

Related News

[email protected]

Information of the company:
Address: New Smithfield Market Whitworth Street East Openshaw
City: Manchester
State/ZIP: England (M11 2WP)
Country: United Kingdom
Phone: +44 (0) 161 223 9311
Fax: +44 (0) 161 220 8842
E-Mail: [email protected]
More about:

View Larger Map

Approval / Accreditation / Certified / Oversight by...
ISO   UKAS  E.U.  BRC (British Retail Consortium)  BAP/Best Aquaculture Practices 


Click to know how to advertise in FIS
New KONGSBERG-Designed Freezer Trawler is Ready to Commence Service in Arctic Fishing Grounds
Skaginn3X Signs an Agreement with Mowi
GLOBALG.A.P. and FishChoice.com Partner to Support Access to Sustainable Seafood
FairTrade Tuna Fishery in Indonesia Achieves Certificate for Sustainability
All Natural Florida Cultured Sun Shrimp Offered Directly to Consumers to Help Stave Off Food Shortages
Good Start to the Year for BioMar Group
Cermaq’s Activities to Meet the UN Sustainable Development Goals
MSC Funds Ocean Projects to Tackle Ghost Gear and Protect Threatened Species
Kvarøy Arctic & James Beard Foundation Announce the First Women in Aquaculture Scholarship Fund
The Tuna Export Business is Utilizing AI TUNA SCOPE
Record Profit and Continued Growth in the North Atlantic Activities
As Norway Starts Reopening, the Seafood Industry Prepares for a New Reality
AquaMaof Announces New RAS Facility in France
Breakthrough in Batching & Robotic Packing for Frozen Fillets
Increased Capacity in Samherji's Land-Based Fish Farming Site in Grindavík
Ocean Heroes: Sustainable Seafood Industry Takes on the Covid-19 Pandemic
Ocean Signal Introduces SafeSea EPIRB1 Pro - The World’s Most Compact Float-Free EPIRB
Aqua Star Unvails New Chef-Designed Seafood Bowls
Stolt Sea Farm Launches New Website
Sustainable Indigenous Chinook Salmon
More Articles...

FOOD RETAILERS | Mariano's founder to open a new concept of grocery chain
United States CHICAGO, IL - Bob Mariano, the visionary behind the now Kroger-owned grocery chain Mariano’s, is starting afresh and making plans to found a new, innovative grocery chain. In his latest move, Ma...
Argentine diplomat points Uruguay as a collaborator of illegal fishing and the British government
Argentina   After his departure from the Chancellery, Roberto García Moritán stated, in a writing, that the eastern country should stop being the nerve center of IUU Fishing in the South Atl...
OPAGAC request to study imports of Chinese fishery products (video)
Spain Complaints and information from NGOs and the media about abusive treatment of the crews of Chinese ships, including burials on the high seas, sparking outrage from European fleets     &...
Copper River opens to low catches salmon prices
United States Cold water from a lingering harsh winter likely kept the salmon from moving up the Copper River on the May 14 opening day. The 12 hour fishery, which officially marks the start of Alaska’s salm...
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER