- Oakley Capital Investments said its fund Oakley Capital IV2 had invested in maritime e-learning businesses Videotel and Seagull.

The majority stakes in the businesses were acquired from current shareholders Herkules Private Equity Fund IV and KVH Industries.

Oakley Capital said its indirect contribution through its interest in the fund was expected to be around £25m.

'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,' the company said.

'Every year they each provide over 10,000 ships and installations with comprehensive and up-to-date compliance, risk and safety training that ensures adherence to International Maritime Organisation requirements.'

'In 2018, the two companies collectively generated $50m of revenue.'

At 1:13pm: [LON:OCI] Oakley Capital Investments Ltd share price was +0.5p at 209p

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