Paris-based investment group Tikehau Capital Partners has acquired an interest in oil transportation company Angelmar Corp, becoming the second shareholder alongside French shipping company Socatra Group.
The share capital increase will allow Angelmar Corp to move into a new asset class and invest in two new product tankers between October 2012 and January 2013, increasing the total fleet to eight vessels.
The company currently has six 37,000DWT product tankers worth $280m, which are chartered by first class operators for an initial three year period.
Tikehau Investment Management currently manages more than €600m worth of assets.
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