Mitsui & Co has finalized a substantial investment worth USD 360 million in Industrial Pesquera Santa Priscila (IPSP), the world’s largest shrimp farming company based in Ecuador. The transaction, facilitated by esteemed legal firms, marks a strategic maneuver by Mitsui to solidify its presence in the sector and capitalize on the growing consumer demand for protein-rich food products.

Legal Counsel Facilitating the Deal

Leading the legal advisory team for Mitsui & Co was Cleary Gottlieb Steen & Hamilton, a renowned U.S. law firm. Spearheaded by partner Chantal Kordula, the Cleary team brought together expertise from various domains including tax, regulatory affairs, executive compensation, intellectual property, and real estate, ensuring a comprehensive approach to the investment process.

Singapore-based Allen & Gledhill also played a pivotal role in advising Mitsui on this significant venture. The team, comprising consultant Tan Su May and partners Gabriel Lee and Sunit Chhabra, contributed invaluable insights and guidance throughout the transaction, further enhancing Mitsui’s strategic positioning in the global shrimp farming landscape.

Ecuadorian Legal Representation

The Ecuadorian side of the legal proceedings saw representation from two distinguished firms, Bustamante Fabara and Robalino, diligently advocating for Mitsui’s interests. Led by partner Jose Rafael Bustamante, the Bustamante Fabara team, alongside their counterparts at Robalino, navigated the complexities of local regulations and business practices, ensuring a smooth execution of the deal.

Upon the completion of the transaction, IPSP will transition into an equity method affiliate of Mitsui & Co. This status typically signifies Mitsui’s ownership of more than 20% of the company, underscoring the trading house’s substantial stake in the operations of the world’s leading shrimp farming enterprise.

Capturing Emerging Market Trends

With the global demand for protein-rich food steadily on the rise, Mitsui’s strategic investment in IPSP positions the company to capitalize on this trend effectively. By leveraging IPSP’s industry-leading expertise and infrastructure in shrimp farming, Mitsui aims to meet the evolving needs of consumers worldwide, contributing to the sustainable growth of the seafood industry.