Global Finance

The South Eastern Europe Fund L.P. (“SEEF”) a fund advised by Global Finance, has announced it has agreed to sell its 90% stake in Andromeda Group (“Andromeda”), a leading aquaculture company in Greece and Spain to AMERRA Capital Management, LLC (“AMERRA”).

Andromeda is vertically integrated with operations in fry, fish farming and value added processing. Andromeda is the only sea bass and sea bream company with production in both the Western and Eastern Mediterranean region, reaching over 120 million customers within 48 hours. Andomeda’s products are sold across Europe and exported to the USA and the Middle East region.

Global Finance Group has provided management support, industry expertise and assistance in shaping the strategic decisions of Andromeda over the past ten years.

SEEF, a Fund advised by Global Finance, invested in Green Group, the largest integrated recycling group in South-Eastern Europe. During the investment period, and in line with SEEF’s strategy, Green Group established its position as the largest player of the recycling industry in South-Eastern Europe covering PET, electric and electronic waste (WEEE) and the largest operator of glass recycling plant with over €90 million consolidated revenues in 2015. The company is relying on solid investments in waste collection and recycling facilities in Romania, Serbia and FYROM.