Ocean 14 Capital Fund buys controlling stake in SyAqua

UK-based Ocean 14 Capital Fund has signed a deal to purchase a controlling stake in SyAqua, a leader in genetics and early nutrition to the shrimp hatchery market with a historical focus in Asia,  from Golden Springs Group (GSG).

Ocean 14 Capital Fund buys controlling stake in SyAquaOcean 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”.

MORE THAN 20 YEARS OF R&D EXPERIENCE
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.

“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.