U.S. law firm Cleary Gottlieb Steen & Hamilton, Singapore’s Allen & Gledhill and two Ecuadorian firms have advised Japanese trading house Mitsui & Co on its $360 million investment in an Ecuadoran shrimp farming company.
According to Reuters, Industrial Pesquera Santa Priscila (IPSP) is the world's largest shrimp farming company, and the deal is expected to cement Mitsui’s role in the industry and capture rising consumer demand for higher protein food.
After the closing of the deal, IPSP will become an equity method affiliate of the trading house, which typically means Mitsui will hold more than 20 per cent of the company, Reuters added.
The Ecuadorian firms representing Mitsui were Bustamante Fabara, led by partner Jose Rafael Bustamante, and Robalino. IPSP was represented by Ecuadorian firm Apolo Abogados.
The Allen & Gledhill team included consultant Tan Su May and partners Gabriel Lee and Sunit Chhabra.
The Cleary team was led by partner Chantal Kordula, who was supported by tax partner Maureen Linch, regulatory partner Chase Kaniecki, executive compensation partner Alan Levine, IP partner Marcela Robledo, and real estate partner Joseph Lanzkron.
