Information on the target
INVL Private Equity Fund II, a leading private equity fund in Central and Eastern Europe, has signed agreements to acquire two companies in the Lithuanian fish processing sector: Nordian Group and Norvelita. The merger of these companies will create one of the largest fish processing groups in the region, with combined annual revenues projected to reach approximately €200 million. The fund aims to grow these companies into leaders that can compete with other major European processors.
The acquisition, valued at €410 million, is expected to be completed in the coming months, pending approval from the Lithuanian Competition Council. The fund's partner, Nerijus Drobavičius, stated, "With this transaction, we aim to create a strong, internationally competitive fish processing group, where Norvelita's expertise and stable export business will complement Nordian Group's growth ambitions."
Industry overview in the target’s specific country
The Seafood Product Preparation & Packaging industry in Lithuania has been experiencing significant growth, driven by increasing consumer demand for high-quality seafood products. The sector is characterized by a robust export market, with a substantial portion of production being shipped to Western European countries. This trend is supported by Lithuania's strategic location and access to rich fishing grounds in the Baltic Sea, which provide a diverse range of seafood options.
In recent years, the Lithuanian government has implemented various initiatives to enhance the competitiveness of the seafood industry. These include investments in modern processing technologies and sustainable fishing practices, which have improved product quality and safety standards. As a result, Lithuanian seafood products are increasingly recognized for their quality and are gaining traction in international markets.
The industry is also benefiting from a growing trend towards healthy eating, with consumers increasingly seeking out seafood as a source of lean protein and essential nutrients. This shift in consumer preferences has prompted companies within the sector to innovate and diversify their product offerings, including the development of value-added products such as ready-to-eat meals and gourmet seafood options.
Moreover, the Seafood Product Preparation & Packaging industry in Lithuania is poised for further expansion, with opportunities for growth in both domestic and international markets. The increasing f…