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    Oaktree acquires stake in Beluga Shipping and Gulmar Offshore

    News // November 9, 2010

    Oaktree Capital Management, adistressed debt and turnround investor, has reportedly acquired a stakein two shipping companies.

    The Los Angeles-based private equity firm has paid US$100 million for a majority stake in Gulmar Offshore, a Dubai-based operator of diving support vessels, and has invested 200 million (US$280 million) in Beluga Shipping, the German-based operator of heavy-lift ships.

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