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PADI sold to Mandarinfish Holdings for $700 million

The Professional Association of Diving Instructors, better known as PADI, is the world’s largest diver certification agency, and it has been sold – again – this time for $700 million, to a consortium of wealthy families and investors calling themselves Mandarinfish Holdings.

PADI, which last year celebrated its 50th anniversary after being founded in 1966 by John Cronin and Ralph Eriksson, has been passed through a series of private investment groups after Cronin died in 2003, Mandarinfish Holdings now being the latest.

The last change of ownership happened back in 2015, when private-equity form Lincolnshire Management sold PADI to another private-equity business, Providence Equity Partners LLC. Just a year later, it was back on the market with a $1 billion price tag, but at the same time, Providence Equity Partners helped the agency experience huge growth in the Chinese market, as well as upgrade its e-commerce system.

Mandarinfish Holding were reportedly drawn to PADI’s efforts to promote ocean conservation as well as the core business itself, and time will tell what the future holds for the market leader, which has increasingly come under pressure from rivals in recent years.

www.padi.com

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The information in this video is not intended nor implied to be a substitute for professional SCUBA Training. All content, including text, graphics, images, and information, contained in this video is for general information purposes only and does not replace training from a qualified Dive Instructor.

This week on the podcast, Professional Dive guides in the Phillipines are in hot water after a tip off that some are accepting payment for engraving names in coral, leading to authorities to quadruple the reward money for any information on the culprits. LL cool J has recently told the Guardian that the anamatronic shark in Deep Blue Sea almost drowned him. And a former Navy diver has decided to become the first to swim the English channel, on his back.



https://divernet.com/scuba-news/conservation/dive-pro-accused-of-carving-corals-for-cash/
https://www.scubadivermag.com/ex-navy-diver-set-to-swim-channel-backwards/
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https://www.ladbible.com/news/world-news/jamaica-shark-attack-decapitated-jahmari-reid-latest-457708-20240830
https://www.bbc.co.uk/news/articles/cg794yvkm5eo


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Website: https://www.scubadivermag.com ➡️ Scuba Diving, Underwater Photography, Hints & Advice, Scuba Gear Reviews
Website: https://www.divernet.com ➡️ Scuba News, Underwater Photography, Hints & Advice, Travel Reports
Website: https://www.godivingshow.com ➡️ The Only Dive Show in the United Kingdom
Website: https://www.rorkmedia.com ➡️ For advertising within our brands
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We partner with https://www.scuba.com and https://www.mikesdivestore.com for all your gear essentials. Consider using the affiliate link above to support the channel.

The information in this video is not intended nor implied to be a substitute for professional SCUBA Training. All content, including text, graphics, images, and information, contained in this video is for general information purposes only and does not replace training from a qualified Dive Instructor.

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