Bravia Capital Invests in Energy Asia Transportation Holdings Limited
September 2, 2014
NEW YORK–(BUSINESS WIRE)–Bravia Capital Hong Kong Limited, a transportation asset investment and advisory firm based in Hong Kong announced today they have completed an initial investment in Energy Asia Transportation Holdings Limited, whose primary business is ownership and operation of an over-the-road truck fleet serving Indonesia’s mining industry and road infrastructure development. Bravia has provided funding for a fleet of 25 large volume heavy duty trucks imported from Sinotruk, a leading heavy duty truck manufacturer based in Jinan, China.
“Through Energy Asia Transportation we are investing in a business that is organizing a market and efficiently managing the movement of large volumes of mine product and road materials. The management team of this company are creating cost leadership in this fragmented industry, and we see opportunities to grow the fleet rapidly to satisfy evident demand,” said Mr. Hal Hayward, Managing Director of Bravia Capital.
Mr. Amir Limyadi, CEO of the company states “We are pleased to be partnering with Bravia Capital whose expertise in transportation assets and transportation asset financing will enable us to grow our existing relationships and also take advantage of a number of new opportunities available to us in the Indonesian market.”
ABOUT ENERGY ASIA TRANSPORTATION
Energy Asia Transportation Holdings Limited is a private limited company incorporated in Hong Kong. It is engaged in large volume over-the-road hauling services for mining concerns and infrastructure projects.
ABOUT BRAVIA CAPITAL
Bravia Capital is a Hong Kong based private equity and investment firm with a primary focus on transportation, logistics, infrastructure and financial service investments worldwide. Bravia and its general and limited investment partners have completed several other key transportation sector acquisitions: Africa World Airlines in Ghana (2012), Seaco (2011), MyCargo Airlines (2011), MyTECHNIC (2010), TIP Trailer Services (2012). For more information, please go to the company’s web site: www.braviacapital.com.