August Equity company in double add-on

UK private equity firm August Equity has made two acquisitions via its UK-based portfolio company Boat International Media Ltd. Boat International, a media group serving the superyacht industry, has acquired The Wood Report and the remaining 50% stake in the Captains’ Hideout.

The Wood Report is a database and information provider for the superyacht industry. The Captains’ Hideout is an established event for captains and their crews at superyacht shows worldwide including the Monaco and Fort Lauderdale shows. Boat International has been jointly responsible for the event over the last five years and has now acquired the remaining interest in the event from its partner.

Boat international has magazine titles covering Russia, the US, France and Germany and its most recent addition, a title covering the Middle East market.

August Equity acquired the superyacht publisher for £29m in December 2006.