DIVE MAGAZINE

by Scuba Legends

The PADI statement about its sell

As we announced last March, Padi has been sold to a consortium of investors for 700 million dollars. Since the news flooded the social media there had been no statement from the Dive Organisation. Finally, on 16 May, PADI CEO Drew Richardson released the...

PADI Sold For 700 Million Dollars

SOLD As we were informing a few months ago, Providence Equity, previous owner of PADI, was seeking in cooperation with Deutsche Bank for investors that would be interested in acquiring the diving organisation. This week has been reported that a chinese consortium...

Good News – Sharkwater 2 Will Be Completed

On January 31st, the death of Rob Stewart shocked the world of diving. Any fatality underwater is a big loose, no exceptions. In this case the world not only lost a diver, but one of the strongest and most active shark defenders. Released in 2006, the movie...

“One Billion Dollar Baby” – PADI for Sale!

PADI for sale for 1 billion US-Dollar… Background Providence Equity Partners (PEP) bought a major stake of the Professional Association of Diving Instructors (PADI) in 2015. As a first change, they reduced considerably the personnel in the PADI Headquarters. Since...