Seagull Maritime is pleased to announce that it has partnered with the private equity fund Oakley Capital (“Oakley”) that has acquired majority stakes in the business from our current shareholders, Herkules Private Equity Fund IV. In parallel with the process of ownership of Seagull, Oakley Capital have been able to facilitate and lead acquisition of Videotel, which has been part of the KVH Industries.
“As the shipping industry continues to make advancements in digitalisation, we see significant opportunities to further enhance the breadth and depth of products and services we offer our clients. In Videotel and Oakley we believe that we have the perfect partners to support us on that journey.” – says Roger Ringstad, managing director of Seagull Maritime.
Oakley Capital has considerable experience in investing in, and growing, both on- and offline Education businesses across the world, as well as a proud heritage in the Marine sector. Current Oakley portfolio companies include, Career Partner Group, Inspired, Schülerhilfe and Amos in Education portfolio as well as North Sails in Marine and its previous investments in Headland Media. We are confident Seagull and Videotel can learn from these businesses to make us even stronger.
There are no planned organizational changes – Roger Ringstad and Raal Harris will continue to run the two businesses – Seagull and Videotel, as separate units. This is a cooperation of expertise, investment weight and customer-focused strategy. The companies and brands will both continue to run as they are today - there are no immediate plans to change any processes, products, pricing or anything else.