United Arab Emirates-based E20 Investment has recently obtained a majority stake in the Turkish fish processing enterprise, Lucky Fish.
Mediterra Capital Private Equity, a Turkish firm, formerly held the majority ownership of the sea bream and bass processing company.
Established in 1986, Lucky Fish has a workforce of approximately 450 individuals. The majority of its food sales, roughly 97%, come from exports.
E20 expressed anticipation in utilizing its global expertise and resources to assist Lucky Fish in expanding its market reach and strengthening its position.
Sultan Al Jaberi, group CEO of E20, said, “We are thrilled to announce our investment into Lucky Fish, the leading value-added exporter of sea bass and sea bream from Turkey to Europe. This strategic investment is in line with our investment thesis of investing in sustainable companies operating in the agribusiness sector.
“Lucky Fish’s dedication to quality and responsible practices mirrors our own values, making this partnership an exciting and promising venture.”
Lucky Fish CEO İsmail Aksoy said, “This strategic investment by E20 Investment marks an important milestone in our growth story. With the support of E20 Investment, we are confident that we will be able to grow globally by adding new countries to our target markets as well as increasing our capacity.
“E20 Investment has given great importance to our capability of delivering premium seafood products to consumers in the developed markets of Europe. I am sure that E20 Investment’s sector expertise and resources will provide us with new opportunities.”
The headquarters of the fish company is located in Izmir, while its processing and fish feed production facilities are situated in Aydin and Mugla.
