The South Eastern Europe Fund L.P. (“SEEF”) a fund advised by Global Finance, has announced it has agreed to sell its 90% stake in Andromeda Group (“Andromeda”), a leading aquaculture company in Greece and Spain to AMERRA Capital Management, LLC (“AMERRA”).
Andromeda is vertically integrated with operations in fry, fish farming and value added processing. Andromeda is the only sea bass and sea bream company with production in both the Western and Eastern Mediterranean region, reaching over 120 million customers within 48 hours. Andomeda’s products are sold across Europe and exported to the USA and the Middle East region.
Global Finance Group has provided management support, industry expertise and assistance in shaping the strategic decisions of Andromeda over the past ten years.