Catalyst Nabs Minority Stake In Offshore Oil Contractor

Law360, New York (February 21, 2012, 8:12 PM EST) -- Australian private equity firm Catalyst Investment Managers Pty Ltd. has purchased a roughly 40 percent stake in Bhagwan Marine Pty Ltd., providing the offshore oil and gas service provider with capital to expand its operations, the private equity firm said Tuesday.

Without giving financial details, Catalyst said the transaction would provide capital to help expand and develop Bhagwan Marine's fleet, which now includes 50 vessels. The company provides a variety of services to offshore fuel operations, including assisting with geophysical surveys and with dredging and construction...
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