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.