NEWS FEED & ADDITIVE MAGAZINE July 2022 75 Ocean 14 Capital Fund buys controlling stake in SyAqua 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. “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”. SyAqua is 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. “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. Mars, Incorporated announced that Ikdeep Singh has been named as the new Global President for its Pet Nutrition business. The role also sees Ikdeep become a member of Mars Petcare’s global leadership team. Ikdeep will be responsible for some of the world’s largest pet food brands including PEDIGREE®, WHISKAS®, SHEBA® and CESAR®. He is tasked with leading the strategy for growing the portfolio in over 50 global markets, ensuring access to quality nutrition for the almost-400 million pets the Pet Nutrition business serves. He will oversee a high-performing team of over 18,000 associates (employees) around the world, all joined by Mars Petcare’s Purpose: A Better World for Pets. Poul Weihrauch, President, Mars Petcare, said: “Ikdeep Singh has established himself as a strong, well-respected leader. He brings a wealth of global experience to the role and has a clear focus on our people and Purpose: A Better World for Pets.” Ikdeep Singh, Global President, Mars Pet Nutrition, said: “It’s an honor to take on this role, leading this iconic business for some of the world’s most-loved brands. I am inspired by our purpose, and am delighted to be working alongside talented associates, customers, and partners to bring this to life.” Mars names Ikdeep Singh to lead pet nutrition business Ikdeep Singh
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