Information on the Target

Hivest Capital Partners S.A.S. has acquired a majority stake in the Réunimer – Pêcherie du Sud group, a renowned leader in seafood products in the Indian Ocean, from its founders and historical shareholders. Founded in 1996 in Réunion, the group expanded rapidly, establishing a presence in Madagascar by 2000 through both organic growth and strategic acquisitions.

Réunimer – Pêcherie du Sud operates across the entire seafood value chain, including fishing, aquaculture, and processing in local factories, while also maintaining robust export and distribution channels. With a diverse product portfolio that includes toothfish, octopus, shrimp, seaweed, and various fish types, the group serves an equally diverse customer base spanning mass retail, food service, industrial clients, and local authorities. The group has been committed to sustainable practices in the seafood sector and boasts a turnover of €70 million, owning around 30 vessels and operating seven processing plants.

Industry Overview in Réunion

The seafood industry in Réunion is experiencing a steady growth trend of approximately 5% annually, driven by increasing global demand for high-quality seafood products. This growth is bolstered by strong efforts towards sustainable fishing practices, compliance with international standards, and the implementation of environmental economics. As consumers become more environmentally conscious, companies in the sector are aligning their operational models with these values, paving the way for innovative practices and certifications in sustainable seafood.

In recent years, the market has seen enhanced collaboration among private entities, NGOs, and governmental agencies to promote sustainable seafood practices. Certification programs, such as the Marine Stewardship Council (MSC) and the French government's

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