Imperial Logistics has agreed to acquire Deep Catch Namibia Holdings from existing shareholders DEG, Salt Capital, and some members of the company’s management team in a deal valued at R633 million (or almost $45 million). The deal is being transacted via Imperial Capital, a subsidiary of the multinational logistics firm, and will close once the necessary regulatory approvals have been given and certain other conditions met.
DEG and Salt Capital first backed the business in 2016. Founded as a two-man seafood exporter in 2007, Deep Catch has evolved into a vertically integrated supply chain business engaged in the wholesale, distribution, and cold storage of poultry, fish, and dairy products in the Southern African Development Community region. For the financial year ending on June 30th, 2020, the business reported an EBITDA of $7 million from revenues of $72.2 million.
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