Emerging Capital Partners in Investment in Thunnus Overseas Group

Cleary Gottlieb represented Emerging Capital Partners in its investment in Thunnus Overseas Group, a group active in the conditioning of canned tuna in Madagascar and Ivory Coast and in its commercialization in France, where it is the market leader.

The deal involved the reorganization of the various companies owned by the founder of the group under a common holding company, the structuring of ECP’s investment in equity, convertible and senior debt and the negotiation of ECP’s rights as a minority shareholder.

The main agreements were signed on October 28, 2008, and the closing took place in Paris on December 24.

ECP is a private equity group focused on Africa. It manages six private equity funds, totaling more than $1.2 billion under management, with investments in more than 35 countries, across the African continent.