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Oceanus International Investment AS makes investment in Fairstar Heavy Transport

November 15, 2010

NEW YORK – Oceanus International Investment AS (Oceanus), a Norwegian investment company managed for its investors by Bravia Capital of Hong Kong, announced today that it had acquired a significant minority shareholding in Fairstar Heavy Transport (Fairstar), which is listed on the Oslo Stock Exchange (OSE: FAIR), making it the largest shareholder at 29.9 percent. Terms of the deal were not disclosed.

Today’s announcement comes on the heels of several notable acquisitions and investments made and advised by Bravia, including last week’s acquisition of myTECHNIC an aircraft maintenance and repair facility in Turkey. Bravia on behalf of investors also acquired Allco Aviation, now Hong Kong Aviation Capital, earlier this year as well as a 33.3% shareholding in GTB Invest ASA, a listed shipping company in Norway.

As a top provider of marine heavy transport solutions, Fairstar moves high-value cargoes for offshore energy and construction projects.

“This transaction demonstrates our commitment to the global transportation and energy sectors, two of the most dynamic sectors in today’s global marketplace,” said Bharat Bhise, CEO of Bravia Capital Partners. “We see great promise in continuing to identify opportunities to invest in the future of these two industries.”

Based in Rotterdam, Fairstar operates two vessels the “FJORD” and the “FJELL”. In addition to its current ships, Fairstar has two new buildings on order to be delivered in 2012. These ships are “true open stern” which will have maximum cargo versatility and removable buoyancy towers, as well as the ability to fully submerse in 12 meters of water, making them the most effective of ship types used in the heavy marine transport business. Fairstar is one of only two global organizations to operate this type of vessel.

ABOUT BRAVIA CAPITAL
Bravia Capital is a New York based advisory, structured financing and investment management entity with a primary focus on transportation projects in Europe and Asia. Please find more information at braviacapital.com.

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