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Providence Equity Partners (PEP) bought\u00a0a 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 then, PADI concentrates\u00a0big economical efforts to expand the company to Middle East Asia.<\/p>\n
In the last quarter of 2016 PEP hired Deutsche Bank AG to find buyers for PADI. Deutsche Bank was successful. Asian buyout firms may be among interested bidders for the company. The buyout price is at 1 billion dollar. The sale is expected to be closed by the first trimester of the year 2017 .<\/p>\n
PADI, founded in 1966 by John Cronning, is the largest diving organisation in the world. It has issued 25 million of diving certifications during its 50 years of existence and employs around 400 employees globally.<\/p>\n
With other diving organisations, such as Scuba Schools International (SSI) rising as competitors, it will be interesting to see PADI\u2019s new owner and what the company\u2019s future plans look like.<\/p>\n
The year 2017 promises to be a year full of exciting changes. Follow us for the recent news of the scuba diving industry and stay updated.<\/span><\/strong><\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.0.9″][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" PADI for sale for 1 billion US-Dollar\u2026 Background Providence Equity Partners (PEP) bought\u00a0a 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 then, PADI concentrates\u00a0big economical efforts to expand the company to Middle East Asia. Nowadays In the […]<\/p>\n","protected":false},"author":7,"featured_media":3338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":" Welcome to WordPress. This is your first post. Edit or delete it, then start writing!<\/p>","_et_gb_content_width":"","footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-3336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-dive-industry"],"acf":[],"yoast_head":"\n