Oakley Buys Two Maritime e-Learning Biz
Oakley Capital Investments Ltd has acquired majority stakes in two maritime e-learning providers from Norwegian private equity firm Herkules Private Equity Fund IV and US satellite company KVH Industries.Oakley, the private equity investment company contributed GBP25 million, through its Oakley Capital IV fund to buy the stakes in SG MidCo AS, also known as Seagull, and Videotel Marine Asia Ltd and Super Dragon Ltd, collectively known as Videotel.Over the past 40 years, Videotel and Seagull have established themselves as the best-in-class providers of e-learning to the maritime sector globally. Every year they each provide over 10,000 ships and installations with comprehensive and up-to-date compliance…
IYRS Boatbuilding Grads Row Their Own Boats
Students from the IYRS Boatbuilding & Restoration Program will launch their careers, along with the boats they restored this past year as they graduate June 1, 2013. International sports figure and North Sails President Ken Read will help mark the start of students’ career paths as featured graduation speaker at this marine trades and technology school in Rhode Island. Read is a fitting person to clue IYRS graduates into the opportunities that lie ahead for those with craftsmanship skills and a passion for working with their hands around boats.