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Bhagwan's Loui Kannikoski (L) and Catalyst executive director Aaron Hood.

Catalyst invests in Bhagwan Marine

Geraldton company Bhagwan Marine is planning to expand its oil & gas services business after gaining financial backing from private equity group Catalyst Investment Managers.

Catalyst has acquired a minority interest in Bhagwan, believed to about a 40 per cent shareholding.

Bhagwan, headed by managing director Loui Kannikoski, will use the proceeds to pay down debt and prepare for future growth.

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