We were instructed by the shareholders of Otter Ferry in their sale of Scotland's oldest independent fish farm and only commercial halibut hatchery to Amar Seafood. Amar is a rapidly growing aquaculture company with operations in Canada and Norway. Founded in 1968, Otter Ferry has been at the heart of innovation in the industry ever since, focused in recent years on halibut farming and developing sustainable aquaculture.
Key highlights
- We were able to guide the shareholders of the owner managed business through the sale process and identified the key issues and ensured the sellers' interests were protected.
- A cross-border transaction showcasing our international expertise across Scotland and Norway.
- Input from our Scottish real estate and tax specialists, highlighting our full-service offering.
- Deal represents significant investment in the sustainablegrowth of a key industry for Scotland.
Selling an old independent family business is not an everyday occurrence for the operators and is a once in a life time event. It is therefore critical to have the best possible advisors on your side, guiding you through the complex process. We got exactly that when engaging with the team at Brodies. From negotiations through to completion the team were with us every step of the way, advising on a host of aspects in a very professional and efficient manner. Importantly the team were personable, reassuring, sensitive and a pleasure to work with throughout.
Outcome
The transaction itself was a significant milestone for the shareholders of Otter Ferry, marking their realisation of the growth of their business. Otter Ferry is now well placed to go from strength to strength with the added resource and expertise from Amar.
It was a strategic acquisition for Amar Seafood as it gains a presence in the Scottish market.
Brodies was able to successfully bring the deal to a conclusion against a demanding timetable.
