Private equity group acquires majority holdings in maritime e-learning firms

AIM-listed Oakley Capital Investments Limited has acquired majority holdings in the two e-learning businesses, Seagull and Videotel.

The shares have been bought by group company Oakley Capital IV from the existing shareholders, Herkules Private Equity Fund IV and Nasdaq quoted KVH Industries, respectively. In a recent statement, Oakley described itself as partnering with the management teams of the two companies to acquire the majority holdings.
Shipping’s digital transformation offers a significant opportunity for the providers of e-learning services and the management teams of both companies believe a combined unit will be able to make the most of these opportunities as a combined unit. Each company already provides services to more than 10,000 ships and generated revenues totalling more than USD 50 million in 2018.
Oakley has a successful track record of investing in the maritime and education sectors, with holdings in Headland Media, North Sails, Career Partner Group, a private university in Germany, and Schülerhilfe, an after-school tutoring business.

Companies & People
Article Editorial staff Ship&Offshore
AD
Article Editorial staff Ship&Offshore