Ocean 14 Capital Fund partners with Golden Springs Group and invests in SyAqua
· Debut investment aims to capture the opportunity around sustainable technologies for the global shrimp industry
· SyAqua one of the largest providers of shrimp genetics and early nutrition with more than 20 years of research and development and with a footprint in the US, Thailand, Malaysia and Indonesia
13 June 2022, London. Ocean 14 Capital Fund, a private equity impact investment fund focused on the United Nations’ Sustainable Development Goal 14 (SDG 14): Life Below Water, has signed a deal to purchase a controlling stake in SyAqua from Golden Springs Group (GSG). SyAqua is a leader in genetics and early nutrition to the shrimp hatchery market, with a historical focus in Asia.
Ocean 14 Capital Fund’s debut investment capitalises on the intensification and sustainability trends in the shrimp farming industry. Despite significant progress in the recent past, the industry is still overshadowed by inefficient resource use of unsustainable practices. “SyAqua‘s technologies in genetics and nutrition have a powerful impact on sustainable intensification of the shrimp industry by reducing waste per unit of production and the ensuing externalities, says George Duffield, founding partner and chair of impact, for the Fund’s investment adviser, Ocean 14 Capital Ltd.
“We have ambitious plans for SyAqua and are tremendously happy for the Fund to be partnering up with Golden Springs Group and the SyAqua company’s management team,” said Francisco Saraiva Gomes, founding partner and chief investment officer, Ocean 14 Capital Ltd. “SyAqua is in growth mode, quickly increasing its performance by leveraging its superior market presence and tech platforms. Over time we plan to build SyAqua into a platform for sustainable shrimp technologies and we hope that the Fund will invest significantly more than its initial commitment of $12 million”.
“We are excited to be partnering with Ocean 14 Capital. They have already shown an incredible commitment to our team and business. Their knowledge, access and ability to execute, will help us to capture multiple growth opportunities. It’s a good period for SyAqua now. We are on growth mode we are already expanding our operational footprint and technology portfolio to better serve the needs of our customers” says Ricardo Mello, chief executive officer, SyAqua.
“It is with great enthusiasm and expectations that we witness Ocean 14 Capital’s first investment, as part of one of their key investment verticals to transform the shrimp industry into a more sustainable business. We are delighted to be a cornerstone investor of this vital and innovative fund,” says Claus Gregersen, CEO, Chr Augustinus Fabrikker.
About Ocean 14 Capital
Ocean 14 Capital Fund 1 SCSp (“Ocean 14 Capital Fund” or the “Fund”) is an impact fund targeting €150 million and focused on driving a sustainable and regenerative blue economy. The fund’s investment adviser, Ocean 14 Capital Ltd, has a team who combine more than 65 years of investment, impact and industry experience. The investment adviser’s team and advisors are considered to be some of the world’s most renowned scientists and marine biologists, and it is considered that they have unparalleled access to proprietary deal flow and sector knowledge.
SyAqua provides solutions for shrimp hatcheries and farmers, combining genetics and early-stage nutrition. The Company uses cutting-edge technologies in its breeding program and hatchery feeds manufacturing process to ensure its customers excel in technical and economic performance. SyAqua has operations in USA, Thailand, Indonesia and Malaysia with relevant commercial presence in several shrimp producing countries worldwide.
Golden Springs Group
Golden Springs Group operates as an investment company. The company invests in sustainable aquaculture businesses.
Chr. Augustinus Fabrikker
Chr. Augustinus Fabrikker is the investment subsidiary of the Augustinus Foundation one the largest cultural foundations in Denmark. With assets of more than DKK 40 billion and more than 270-year-old history, Chr. Augustinus Fabrikker has extensive interests in the Danish business community and a strategy to be a long-term, committed, and value-adding asset owner.
For further information contact: Chris Gorell Barnes 07802 738062