Business buy

Oakley Capital Investments has announced that Oakley Capital IV has partnered with the management teams of SG MidCo AS (Seagull), and Videotel Marine Asia Ltd and Super Dragon Ltd (collectively “Videotel”), to acquire majority stakes in the businesses from their current shareholders, Herkules Private Equity Fund IV and KVH Industries, respectively. For the past 40 years, Videotel and Seagull have established themselves as the best-in-class providers of e-learning to the maritime sector globally and in 2018, the two companies collectively generated US$50 million of revenue. The management teams of Seagull and Videotel believe opportunity can be grasped most effectively by working together as a combined group.