Bahrain-headquartered Investcorp has acquired Fortune Fish and Gourmet, a U.S.-based seafood and specialty food distributor.
The alternative investments manager did not disclose the terms of the transaction, but PE Hub reported at the end of January that Churchill Asset Management and Sumitomo Mitsui Banking Corporation provided a $105 million credit facility to back Investcorp’s acquisition.
“Specialty foodservice distribution in the United States is a highly fragmented, resilient and growing $40 billion market,” Hazem Ben-Gacem, Co-Chief Executive Officer at Investcorp said in a statement on Wednesday (Feb 12).
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