Tortola, the British Virgin Islands-based Cadman Capital Group, an independent private equity investment firm, announced on January 19 that it has bought a strategic equity stake in North Holland-based Urchinomics, a restorative aquaculture venture.
The announcement comes a few weeks after Urchinomics secured the world’s first kelp restoration blue carbon credit after a successful research project in Kunisaki and Nagato, Japan.
Cadman are also the owners of the largest licensed Urchin aquaculture facility in Canada, Quoddy Savour Seafoods, which ran a pilot study for Urchin ranching with the North Holland company in 2022.
The Group’s involvement will allow the Dutch company to accelerate its growth plans across operations in North America, Japan, and Europe.
Restorative aquaculture venture
Headquartered in IJmuiden, Urchinomics rehabilitates unhealthy oceans into healthy ecosystems to benefit the planet and humanity.
The company does this by removing overgrazing sea urchins and helping nature turn a barren seafloor back into a vibrant kelp forest.
The removed sea urchins are then ranched and sold as premium seafood to restaurants worldwide.
Brian Tsuyoshi Takeda, founder and CEO of Urchinomics, says, “Cadman Capital Group’s involvement in Urchinomics is a milestone moment for us. Their scientific and operational experience in restorative aquaculture means we can move forward with an aligned mission to improve ocean health.”
He adds, “It signifies the start of the next stage of our growth plans and to further our efforts in developing systems that can truly make a difference to the future of our planet.”
About Cadman Capital Group
The Cadman Capital Group is a privately-owned, independent private equity investment firm that specialises in acquiring high-return and high-growth businesses in the lower mid-market.
Giles Cadman, ecopreneur and founder of Cadman Capital Group, says, “Urchinomics is a tremendously exciting business. They share our passion for developing nature-based solutions to tackle the fight against climate change and help heal our oceans.”
“Urchinomics’ core model of restorative aquaculture is synergistic to our current operations, particularly within lobster production, and we look forward to supporting Brian and the team to accelerate their operations globally,” adds Cadman
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