Perceva Capital, the independent French investment firm, has acquired a majority stake in Mariteam, a leading French fishery and seafood distributor.
Mariteam, which until now operated as GS Invest and which regroups ten regional affiliates, ensures the supply, preparation and distribution of seafood to over 1 500 clients, guaranteeing the quality and the traceability of its products.
This recapitalisation provides Mariteam with the means to further develop its services with historic clients (wholesalers, fishmongers, distributors, and seafood restaurants) and to expand into new sectors with a larger geographic reach.
By adopting the Mariteam brand and by welcoming Perceva Capital as a majority shareholder alongside him, Sendil Selva, shareholder and Director of the group, seeks to strengthen the financial structure of the company, which has multiplied its revenues by eight times in just five years, as well as to provide the means to further innovate and enter new markets, while continuing to give the highest attention to the quality of the products distributed.
Mariteam employs 220 people and boasts revenues of 80 million euros for the fiscal year ended June 2011.
Franck Kelif, Partner with Perceva Capital, says: “In just a few years, Mariteam has become a major player in its industry, serving clients with a strategy based on the distribution of high quality products and secured provisioning. Accompanying Mariteam is fully in line with the mission of Perceva Capital to work alongside French small and midsized companies over the long term.”
Sendil Selva, President of Mariteam, adds: “This recapitalisation and new shareholder backing will enable Mariteam to turn a new page in its history and will provide the company with the means to execute its mid-term development strategy.”
