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History and Corporate Profile

In December 2011, Pátria Infraestrutura Fundo de Investimento em Participações[1] created Oceana Offshore S.A. vertically integrated with a shipyard to operate in the logistics sector and logistical support to offshore oil exploration operations for offshore exploration and production in Brazil. The Company was born with the objective of capturing the opportunities of this segment based on: (i) a strong market expansion fueled by the discovery of pre-salt reserves; (ii) the exploration of the shipbuilding demand in Brazil, which was higher than the country’s installed capacity; and (iii) the potential consolidation opportunity given that the sector’s largest operator had only a 13% market share.

In November 2012, BNDESPar[2] acquired 25% of the Company‘s shares with an investment of U$ 60 million and Pátria Infraestrutura Fundo de Investimento em Participações begins to hold 75% of its shareholding. In September 2013, two companies in Norway, Vega Chaser AS and Vega Challenger AS, formed by two foreign vessels that already had an operating contract with Petrobras, were acquired.

In December 2013, Companhia Brasileira de Offshore, Aliança Estaleiro and CBO Serviços Marítimos were acquired, companies that belonged to the Fischer Group (together called "CBO"). In a joint operation with the acquisition of CBO, Vinci Partners[3] entered as a shareholder of the Company, with a 40% shareholding, and as a result of this operation, Pátria Infraestrutura Fundo de Investimento em Participações now owns 40% of the shares and BNDESPar 20% of the Company‘s shares. With this acquisition, the Group begins to adopt the name "CBO Group" maintaining the strong name that is recognized by the oil and gas market as one of the leaders in quality and operational performance.

In the navigation segment, Grupo CBO is focused in medium-sized offshore support vessels, such as Platform Supply Vessels (PSV) and Anchor Handling Tug Supply (AHTS). The operational performance in the navigation segment is constantly evaluated by its main client, and Grupo CBO consistently ranks among the leaders in quality and performance of this evaluation, top-ranked in recent years.

The Oceana Shipyard in Itajaí (SC) delivered 8 vessels to the fleet of the navigation arm of the Grupo CBO, 6 of the AHTS type 18,000 and 2 of the PSV 4.500 type, thus completing a robust growth plan. In May 2020, an agreement was signed to sell the Oceana Shipyard, concluding its relevant participation in the history of the Grupo CBO.

Currently the Grupo CBO is one of the largest national groups specialized in maritime support to offshore oil exploration and production platforms, through the second largest fleet in Brazil (33 vessels), with a support base with excellent strategic location in Niterói (RJ).

[1] Pátria Infraestrutura Fundo de Investimento em Participações is an equity investment fund established as a closed-end fund in accordance with CVM Instruction 391 and managed by Pátria Infraestrutura Gestão de Recursos Ltda.
[2] BNDES PARTICIPAÇÕES S/A - "BNDESPAR" is a corporation constituted as a wholly-owned subsidiary of the government-owned company, the Brazilian Development Bank (BNDES), regulated by its Bylaws and by the legislation applicable to joint-stock companies.
[3] Vinci Capital Partners II H is an equity investment fund established as a closed-end fund in accordance with CVM Instruction 391 and managed by Vinci Capital Gestora de Recursos Ltda.