On September 25, 2024, Nova Austral announced a debt restructuring of the company resulting in a change of ownership and exit by Altor.
Altor invested in the world-leading fish feed supplier Ewos with Bain Capital in 2013. The partnership aimed at strengthening the company’s position as a global market leader in salmon feed and identifying further opportunities to grow by focusing on R&D, developing higher quality feed and expanding into new markets. After a successful partnership, Altor and Bain Capital sold Ewos to Cargill in 2015. After the exit of Ewos in 2015, Altor remained invested in the fish farming industry through its ownership of Nova Austral in Chile.
“We began our journey with Ewos in 2013, a successful partnership with the company and co-investors to scale and strengthen their position. As we now, many years later, exit Nova Austral, we would like to extend a thank you to the management team and employees for their contributions and commitment over the years,” said Tom Jovik.
About Altor
Since inception, the family of Altor funds has raised more than EUR 11 billion in total commitments. The funds have invested in just south of 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Permascand, Toteme, Trioworld, Carnegie and Vianode.
About Nova Austral
Nova Austral is a leading player in producing and processing sustainable salmon in the Chilean industry. It has operated in the Magallanes and Chilean Antarctica region for over 15 years.
