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PADI was sold to Mandarinfish Holding: Who really owns PADI?

Discussion in 'Business of Diving Institute' started by Darcy Kieran, Jan 29, 2018.

  1. Darcy Kieran

    Darcy Kieran Business of Diving Institute

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    Since the announcement in early 2017 that PADI was sold to a company named Mandarinfish Holding, rumors have circulated that Chinese investors were behind this purchase. It appears the rumor is totally false as the investors behind Mandarinfish Holding are really rich American families led by the son of a billionaire in South Florida.

    PADI was sold to Mandarinfish Holding: Who really owns PADI?

    The lead figures leading and managing both Mandarinfish Holding and PADI’s board of directors are Albert J Dobron (tightly associated to the Khoury family) and Amin C Khoury from South Florida (the son of billionaire Amin J Khoury who co-founded B/E Aerospace in 1987 to sell it to Rockwell in 2016 for $6.4B).

    FYI.
     
    Schwob and Diver0001 like this.
  2. northernone

    northernone Great White Rest in Peace

    # of Dives: 1,000 - 2,499
    Location: Currently: Cozumel, from Canada
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    You mean all the racist slurs surrounding the sale aren't justified?

    (To be clear, not suggesting the multitude of remarks would have been justified if the investors were Chinese)
     
    kat6699 and RainPilot like this.
  3. Sam Miller III

    Sam Miller III Scuba Legend Scuba Legend

    # of Dives: 5,000 - ∞
    Location: CALIFORNIA: Where recreational diving began!
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    PADI = Professional Association of Diving Instructors

    Now = Professional Corporation of Diving Instructors ?

    @Darcy Kieran
    What is the roll and mission of the organization listed in your avatar
    "Business of Diving Institute" "BDI?"
    Location ?
    Publications

    SDM
     
  4. boulderjohn

    boulderjohn Technical Instructor ScubaBoard Supporter

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    The article seems to place great importance on the fact that the owners are wealthy--that point is made a number of times. That sure is a shock. Who would have expected the people who paid $700 million for a company to be wealthy?
     
  5. RhodeDiver

    RhodeDiver Solo Diver

    # of Dives: I just don't log dives
    Location: Massachusetts
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    I know. I find this shocking!
     
  6. Darcy Kieran

    Darcy Kieran Business of Diving Institute

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    Funny, but... No, not necessarily. There are plenty of private equity firms listed on the stock exchange. If one of these equity firms had purchased PADI, you could have been one of the new owners with a $100 investment. Anybody can invest in these publicly traded private equity. The distinction is that it is not the case, here. It's a consortium of wealthy families - and that is how PADI announced it as well.

    Thanks for your comments, though - and all the best for 2018 !
     
  7. Sam Miller III

    Sam Miller III Scuba Legend Scuba Legend

    # of Dives: 5,000 - ∞
    Location: CALIFORNIA: Where recreational diving began!
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    @Darcy Kieran:

    Second request
    @Darcy Kieran
    What is the roll and mission of the organization listed in your avatar
    "Business of Diving Institute" "BDI?"
    Location ?
    Publications ?

    SDM
     
  8. Altamira

    Altamira ScubaBoard Supporter ScubaBoard Supporter

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    Click on the business name under his name in the post. It appears to be a consulting business aimed at dive shops, but that may not give you all of the information you are looking for.
     
    dead dog likes this.
  9. mdb

    mdb ScubaBoard Sponsor ScubaBoard Sponsor

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    PADI was purchased by a private investment company because it has the strongest cash flow of any
    company in diving.
     
  10. Wookie

    Wookie Secret Field Agent ScubaBoard Business Sponsor

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    About The Business of Diving Institute

    Your Business Buddy.

    Overview

    The Business of Diving Institute (BODI) provides dive shop owners and managers with support, training & consulting services in strategic planning, scuba marketing, dive center business management, digital marketing, eCommerce in the dive industry, social media for your dive shop or dive resort destination, and scuba gear purchasing.

    Mission

    Share and promote dive industry best practices. Develop operating standards to ensure consistency in the quality of the experience across dive centers, dive shops and dive resorts. Provide training and coaching to dive professionals. Provide support services in sales, marketing, digital marketing, eCommerce and social media.

    Scubanomics Training Program

    Dive shop management courses and training program coming soon. Let's make a good living out of our passion for scuba diving.

    Insights on the Dive Industry & Dive Shop Management

    Join us on Medium for insights on the dive industry, dive shop management, scuba diving training agencies, dive gear manufacturers and other dive industry news.
     
    Darcy Kieran likes this.

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