Navis Invests in Godaco Seafood, Exits Thai Duck Processing Company (Asia)

Source: Navis Capital Partners

Asia-focused private equity firm Navis Capital Partners has indirectly invested in Vietnamese seafood processing company Go Dang Joint Stock Company (Godaco) through a holding company, Panga Hold Co. The investment will allow Godaco to accelerate its expansion plans and increase global exports of its two key products, Pangasius and clams. The funds will also be used to expand processing and farming capacity as well as finance the company’s entry into the U.S. market. Financial details of the transaction were not disclosed. In addition, Navis and Dutch mid-market buyout investor Rabo Capital sold their controlling stake in Thai duck processor Bangkok Ranch and its Dutch subsidiary Duck To Holdings to a consortium of investors led by the founders, valuing the total enterprise at THB5.7 billion (approximately US$187.1 million).