Loch Duart acquired by US investment firm

News
1183

Now SAF II Master Fund LP own 96.7 per cent of its shares.

Loch Duart has been acquired by SAF II Master Fund LP, a fund managed by investment firm Vision Ridge Partners in Boulder, Colorado, USA.

Loch Duart, which has some of the oldest salmon farming sites in Scotland, released an update on Companies House detailing the new ownership on Tuesday. The deal went through in February.

The previous owners included California’s The Skoll Fund, The Skoll Foundation (both controlled by billionaire internet entrepreneur and first Ebay president Jeffrey Skoll), as well as the Californian venture capital firm (and previous largest shareholder) Pacific Sequoia Holdings and non-departmental public body Scottish Entreprise.

Now SAF II Master Fund LP owns 96.7 per cent of its shares. Director Andrew Collingwood Bing retains a 1 per cent share. Serving on the board as a Loch Duart director, Justin Goerke is a partner at Vision Ridge.

“The regulatory submissions to Companies House reflect a change of non-exec directors and share ownership. A majority ownership shareholding in the business was acquired by SAF II Master Fund LP, a fund managed by Vision Ridge Partners,” said a Loch Duart spokesperson to SalmonBusiness.

“This move is seen as very positive news for Loch Duart as the company gains a new investor who is fully aligned with Loch Duart’s mission of producing the finest salmon in the world. Vision Ridge has stated its intention to support Loch Duart in its ambition to grow its brand and expands its operations,” he added.