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Our Heritage
The initial Inter-Ocean company was established in Mauritius in late
1994.
This company, Inter-Ocean Aviation
Finance Corporation, was formed in order to assist in
cross-border asset based finance transactions, with a specific
emphasis on aircraft assets. The initial target market were clients
that were situated in countries that did not have exchange control
regulations in force and where the availability of hard currency
funding was scarce.
Within a fairly short time thereafter, Inter-Ocean Financial
Reinsurers Limited was established. This company was the first
Insurance Cell Captive Company to be established in Mauritius and
was dedicated to insuring non-conventional aviation insurance risks.
Inter-Ocean Structured Finance Limited was subsequently
established in order to assist those clients that required specific
structured asset based finance needs. This company has assisted
clients not only in asset based transactions but also assisted
certain clients in completing offshore management buy-outs, offshore
restructuring of onshore assets and the consolidation and parcelling
of certain debt instruments.
To assist in the financing of these clients’ insurance premiums, a
niche insurance premium financer, Inter-Ocean Financial Services
Limited was also established. This company specializes in
providing finance to clients in many different jurisdictions where
the ultimate insurance underwriter is located in London.
Arising from the numerous Inter-Ocean Group transactions through the
years, it became apparent that a number of clients also required
assistance in establishing their offshore businesses, needed ongoing
administration and infrastructure services and required access to an
understanding financier.
Inter-Ocean Management Limited, a Mauritian company incorporator
and trustee was therefore formed.
Inter-Ocean Aviation Finance Corporation, now known as
Air-Tec Africa is an aviation
service provider, offering full aircraft leasing services to clients
such as the International Red Cross, the United Nations World Food
programme and various oil exploration companies. In addition to its
operations, Air-Tec Africa also offers both the sale and financing
of new aircraft, in particular the LET range of aircraft for which
it is the authorised agent.
The latest associated Inter-Ocean Group company is,
IRS Management
Services Ltd. IRS Management Services Ltd is a locally
incorporated domestic Mauritian company which was established to
provide various services to Integrated Resort Scheme (“IRS”) owners.
It offers property holding vehicles with a view to optimise the
benefits associated with owning an IRS property, and provides
ongoing administrative services focused on relieving IRS owners from
the local administrative requirements such as paying bills, tax
returns, etc
Inter-Ocean Venture Capital
acts as an investment vehicle of diverse minority holdings and is
the incubator of new ideas and greenfield operations. With access to
the diverse range of Inter-Ocean Group products and services and
with a specific emphasis on “partnering,” Inter-Ocean Venture
Capital’s primary aim is to share in both the financial and personal
successes of its diversified investments.
Inter-Ocean Holdings
Ltd acts as the holding company and group treasurer of the above
entities.
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