No Catch could be put up for sale
Another option is to carry on under the same ownership, but with a fresh injection of financial support, the newspaper wrote. No Catch produces organically farmed salmon, cod halibut and sea trout, and the company has won several industry accolades since the launch of its No Catch - just Cod brand in May 2006. According to the Press and Journal, a spokeswoman for the company said it had always been the intention of private equity majority shareholder Milestone Capital, previously European Acquisition Capital (EAC), to refinance the business - then called Johnson Seafarms - in the medium term of a four to five-year investment. At the time of the management buyout three years ago, EAC anticipated exit routes included selling up or going public by offering the shares for sale. The deal was funded jointly by London-based EAC, which put in £13.5million, and UK investment bank Singer and Freidlander, which added £7.5million, the newspaper
