Two Large Peruvian Fishing Companies That Help Feed the World Go out for Bid

DSI handles sale of affiliates of bankrupt companies including China Fishery Group

NEW YORK--()--Substantial strategic investment opportunities, linked to the rising global demand for food, have been announced through a special offering managed by Development Specialists, Inc. (“DSI”). The harvest and processing of anchovies by Peruvian-based fishing businesses produce superior quality fishmeal and fish oil that meet the worldwide market demand for high-protein animal feed. These products of Peru, carefully monitored through a rigorous quality-control process, are marketed to feed farm-raised animals and fish, all of which sustain and assure strong and lucrative food chains in several of the world’s most populous regions.

CFG Peru Investments Pte. Ltd. (Singapore) is soliciting bids for two of its subsidiaries, CFG Investment SAC and Corporacion Pesquera Inca SAC. They hold a combined 16.9 percent quota in Peru’s North/Central fishing zone and 14.8 percent share in the South fishing zone, giving them a larger share of anchovy fishing rights in Peru’s waters than any competitor.

DSI is directing the sale of CFG Investment and Copeinca, both of which have intact management teams and fully operate during the two fishing seasons per year. They own and operate a 50-vessel fishing fleet and 10 processing plants throughout Peru. Qualified bids are due Dec. 8 and an auction will be held Dec. 13. For more information, contact Senior Managing Director Joseph J. Luzinski at jluzinski@dis.biz.

“These companies offer a rare opportunity to invest in a commodity that’s seeing a worldwide increase in both demand and prices,” said William A. Brandt Jr., trustee for CFG Peru Investments and Executive Chairman of DSI, who is based in DSI’s New York office. “These companies have the most significant market position in Peru and possess strong operating profit margins.”

As the trustee of CFG Peru Investments Pte. Ltd. (Singapore), Brandt has guided the companies through a portion of their post-bankruptcy-filing operations as a part of a larger, complex bankruptcy case involving multiple jurisdictions in multiple countries. Today, CFG Peru Investments Pte. Ltd. (Singapore) owns the two large fishing companies referenced above, as well as other entities in Peru, all of which are affiliated with the China Fishery Group, a larger multinational concern which filed for U.S. Bankruptcy Court protection in mid-2016 in New York.

About Development Specialists, Inc. (DSI): DSI is a leading national provider of management consulting and financial advisory services, including turnaround consulting, fiduciary roles, financial restructuring, litigation support, operational wind‐down oversight and forensic accounting services. Clients include business owners, corporate boards of directors, financial services institutions, secured lenders, bondholders, unsecured creditors and creditor committees. For more than 40 years, DSI has been guided by a single objective: maximizing value for all stakeholders. With its highly skilled and diverse team of professionals, offices throughout the United States and in Europe, and an unparalleled range of experience, DSI not only achieves that objective, but has also built a solid reputation as an industry leader. For more, visit www.dsi.biz.

Contacts

BoardroomPR
Todd Templin, 954-370-8999, 954-290-0810
ttemplin@boardroompr.com

Release Summary

CFG Peru Investments Pte. Ltd. (Singapore) is soliciting bids for two of its subsidiaries, CFG Investment SAC and Corporacion Pesquera Inca SAC.

Contacts

BoardroomPR
Todd Templin, 954-370-8999, 954-290-0810
ttemplin@boardroompr.com