Svanevik was from 2014 to 2017 central in the restructuring and development of companies controlled by J. Fredriksen owned Seatankers Ltd, including Seadrill, North Atlantic Drilling, Sevan Drilling, Archer (Chairman), Marine Harvest, Golden Ocean, Frontline and Deep Sea Supply. Previously he successfully managed the Energy Growth fund, netting a gain of 1 billion for the equity investors
Svanevik was a director and COO at Seatankers Management, the John Fredriksen advisory firm managing companies owned by Hemen and Geveran, including Seadrill, Marine Harvest, Norwegian Property, Archer, Frontline, Ship Finance, Sevan Drilling, North Atlantic Drilling and Golden Ocean. A number of these portfolio companies were restructured and recapitalized successfully in the period 2014 to 2017.
He was Chief Operating Officer (COO) at Kværner ASA during the demanding break up of the group, which resulted in three leading listed companies, including Aker ASA, Aker Solutions and Aker Yards. Later he was Partner and Head of M&A at Aker ASA, responsible for the founding, capitalization and listing of several companies, as well as the on-going ownership management. Svanevik has previously many years of corporate finance and strategy consulting experience from London and Oslo, and financial management experience from the oil service company Schlumberger, mainly at the head office in Paris.
Svanevik established Oavik Capital AS in 2008, and was through its management of the Energy Growth fund responsible for significant ownership positions in the Nasdaq listed satellite based communication company Rignet (ticker:rnet), and the flow simulator SPT Group in Oslo, which was sold to Schlumberger.
Oavik also managed large stakes in the decommissioning company NCA AS and the offshore mooring company IOS AS, and these companies were also successfully sold, respectively to Oceaneering and Acteon.
Oavik also has corporate advisory engagements with a select number of clients, and owns C.W. Downer & Co in Norway, the global middle market M&A boutique.
Previously, Svanevik has among others, been a board member of the listed companies Seadrill Ltd (NYSE and OSE), North Atlantic Drilling (NYSE), the world leading salmon company Marine Harvest (NYSE and OSE), the global oil service leader Archer Ltd (OSE), the ferry operator Nordic Jet Line, the Houston based satellite provider Rignet Ltd (Nasdaq), American Shipping Company ASA (OSE), the Rumanian listed company IMGB, the Chinese hydropower equipment company Hangfa, the Los Angeles based international satellite launching partnership, Sea Launch Ltd, the decommissioning business NCA, the government owned road maintenance company Mesta, and the investment company, Bjørgvin AS.
Svanevik has an AMP from Harvard Business School, a MBA and MIM from Thunderbird, and a Master of Business and Economics from Norwegian School of Management (BI).