Skip to content
Jul 2020

Bernitsas Law advises on acquisition of majority stakes in Nireus and Selonda

Bernitsas Law has advised Amerra Capital Management LLC and Mubadala Investment Company PJSC, being the controlling shareholders of Andromeda Group, in the latter’s acquisition of majority stakes in Nireus SA and Selonda SA, two major Greek fish farming companies with vast international activities, and through the acquisition of Selonda SA and a subsequent MTO, 100% in Perseus SA, a Greek company specialising in fish feed production, from the four Greek systemic banks. The transaction value is more than €500m.

Our EU, Competition & Antitrust team successfully represented Andromeda Group before the Hellenic Competition Commission in seeking clearance for the transition from joint to sole control over Perseus which was granted in March 2020.

Amerra Capital Management is a private, alternative asset management firm providing strategic equity and debt capital to upstream and midstream agri-business and aquaculture operating companies in the Americas and Western Europe.

Mubadala Investment Company is a sovereign wealth global investment company that invests in more than 50 countries across multiple sectors.

The Bernitsas Law team was led by Nikos Papachristopoulos. Marina Androulakakis led the team advising on EU, Competition & Antitrust.