Investment in The Kingfish Company

ADM Capital Europe, the London-based private equity investment advisory firm, has announced that its Cibus Enterprise Fund acted as one of eight cornerstone investors in The Kingfish Company’s equivalent EUR 50 million private placement, successfully completed in November 2020.

Kingfish is a company based in the Netherlands producing the Dutch Yellowtail, a high-quality, high-value marine finfish, using technologically advanced methods to grow the fish in a Recirculating Aquaculture System (RAS).

Seafood is the most efficient and sustainable way to meet the needs of a rapidly growing population and an increasing demand for protein.  It is estimated that it takes around 1.2 kg of feed to grow 1 kg of fish or a feed conversion ratio (FCR) of 1.2 times relative to an FCR of c. 1.7 times for poultry, c. 2.9 times for pork, and c. 6.8 times for beef.

Today, more than 75 percent of the major marine fish stocks are either depleted, overexploited or being fished at their biological limit, emphasizing the need to grow fish production with traditional and novel aquaculture methods.

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