Harkand is the new name of a company which is owned by OaktreeCapital Management, and the US private equity firm has wasted no time inputting its own man at the helm.
Nicolas Moute is chief executive of the company, which justlaunched on Wednesday, but is already aiming for turnover of $1 billion in thenext five years.
Oaktree injected $100 million into Middle Eastern playerGulmar Offshore in 2010 before finally taking the whole company under its wingin the middle of last year.
