The Geomar acquisition is only the beginning of seafood investments the Walton family-backed holding company Pescador Holdings has its eye on.
The investors behind the deal view this as a beginning step in the execution of core firm goals, and they have the backing to execute them; a link to one of the wealthiest families in the world.
The holding company begins with a total of $10 million in capital from Zoma Capital, the family office of Walton family members Ben Walton -- the grandson of founder Sam Walton -- and his Chilean wife Lucy Ana Walton. Ben is also a member of the Walton Family Foundation board.
If successful, the holding company will add five to seven more investments of this kind and expand its purse significantly, Encourage Capital vice president Alex Markham told Undercurrent News
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