Change Capital sells Macduff Shellfish to Clearwater Seafoods

U.K.-based private equity firm Change Capital Partners has agreed to sell its investment stake in Macduff Shellfish Group to Clearwater Seafoods, a Canadian vertically integrated seafood company. The transaction values Macduff at about £98.4 million ($196.2 million). Based in Mintlaw, Scotland, Macduff is a wild shellfish processor with a strong market presence in Europe. Change Capital invested in the business in 2011. KPMG and Burness Paull have advised Change Capital on the sale, which is expected to close at the end of October.

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