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Aqua Capital acquires Brazilian tilapia producer GeneSeas

São Paulo, August 24, 2015 – Aqua Capital, private equity fund with operations in the agribusiness, logistics and food industries in Brazil and South America, has just acquired the controlling stock of GeneSeas, one of the leading producers of tilapia in Brazil, with units in the states of São Paulo and Mato Grosso do Sul.

With Aqua Capital’s investment, GeneSeas gains greater financial capacity for already planned expansion and modernization investments. The short-term projects include a new packing plant, and a new fattening unit by the Quitéria River, both located in the state of Mato Grosso do Sul.

“GeneSeas is widely recognized in the market, especially for its tilapia production, top quality, efficiency, and sustainable practices. Moreover, it has great potential for growth,” said Aqua Capital’s founding partner Sebastian Popik.

With a current 2% market share in tilapia production in Brazil, the company will strive for reaching nearly 5% by 2019. The company also exports to the very rigorous U.S. market, and sells salmon in Brazil.

This is the third large deal closed by Aqua Capital in 2015. The company announced, in the first half of the year, the acquisition of Grand Cru, the country’s largest wine store chain. In the agribusiness market, it acquired Dimicron and merged it into Aminoagro, forming one of the three-largest foliaceous fertilizers in Brazil.

About Aqua Capital
Founded in 2009, Aqua Capital’s investment philosophy is to seek positions in companies with potential for leadership in the agribusiness, food, and logistics chain. “We believe in true and advantageous partnerships. We seek companies that are typically family-owned, which we can offer our support to through a management team that combines operational expertise and and entrepreneurial approach,” said Sebastian Popik. Investors of Aqua Capital also include endowments and funds of funds, and the company has nearly R$650 million in assets under management.

Oklahoma Aquaculture Contacts

Agencies / Regulatory

Oklahoma Aquaculture Program

Jason Harvey
Oklahoma Department of Agriculture
2800 N. Lincoln Blvd.
Oklahoma City, OK 73105-4289
405-522-5563
jharvey@oda.state.ok.us

Dennis Maxwell
Oklahoma Department of Wildlife Conservation
1801 North Lincoln
Oklahoma City, OK 73105
405-521-3719

Education and Extension

Area Aquaculture Specialist
OSU District Extension Office
P.O. Box 1378 Ada, OK 74820
Tel: (405) 332-4100

Oklahoma Department of Agriculture, Food and Forestry
Debbie Cunningham DVM
Staff Veterinarian
Animal Industry Services405-522-6136 (office)
405-522-0756 (fax)
debbie.cunningham@ag.ok.gov

Langston University Fish Culture Project
P.O. Box 730 Langston, OK 73050
Tel: (405) 466-3836

Affiliated Associations

Oklahoma Aquaculture Association
Glen Gebhart
3810 S Sangre Road
Stillwater, OK 74074
Tel: (405) 377-0092

New Mexico Aquaculture Contacts

Agencies / Regulatory

New Mexico Department of Game & Fish
PO Box 25112
Santa Fe, NM 87504
Mike Sloane
Phone: (505) 476‐8055
Fax: (505) 476‐8131
msloane@state.nm.us

Education and Extension

College of Agricultural, Consumer and Environmental Sciences
Extension Animal Sciences and Natural Resources
Knox Hall, Room 232
P.O. Box 30003 MSC 3AE
Las Cruces, NM 88003
Phone: (575) 646-3326
Fax: (575) 646-3164
Email:animal@nmsu.ed