January 8, 2013

Private equity firm, Navis Capital Partners, has concluded an investment into Panga Hold Co, which in turn has invested into Vietnamese seafood processing company, Go Dang Joint Stock Company.

As part of its investment, Navis subscribed to new shares to enable a substantial capital injection into the company. The investment will enable Godaco to accelerate its expansion plans and increase global export sales, it said. The new funds will also be used to expand processing and farming capacity as well as finance the company's entry into the important US market, it said.

This latest investment represents a continuation of Navis' interest in the agriculture and food processing sectors, in particular in the area of low cost protein production, processing and export, with prior investments in the duck and chicken sectors in Southeast Asia and China.