OTEC

Unit Split

OceanTech Acquisitions I Corp.

Underwriter: Maxim Group
Raised
$104M
CIK
1846809
Focus
Leisure, Luxury
External link: SEC Filings

SPAC Team

Leadership

Joseph Adir, our Chief Executive Officer and a member of our board of directors since February 12, 2021, has over 35 years of experience in the high-tech space. In January 2014, Mr. Adir began serving as a Director of Repositioning Investments Ltd., a boutique investment house that specializes in special situation corporation finance for the middle market. Since 2014, Mr. Adir has focused his attention on the superyachting industry and has developed a multidimensional disruption strategy for the superyacht industry. In July 2016, Mr. Adir founded and has since served as the Chief Executive Officer of WinterHaven Holdings SL, which established and developed WinterHaven Superyacht Marine Centre operational concept, creating a paradigm shift in the industry. An integral part of the development process, the company has created a unique set of technological solutions, advanced IT platforms and innovative business models to address the real needs of the superyachting industry. In January 2019, Mr. Adir also founded WinTech Marine Intelligence Ltd. (“WinTech”), the worlds' first predictive maintenance platform based on AI/ML for the superyacht industry, and has served as the company’s Chief Executive Officer since that time. In 2010, Mr. Adir co-founded WindSolare, which focuses on the development of alternative energies such as photovoltaic greenhouses, and acted as the company’s Executive Director until December 2010. In September 2010, Mr. Adir also co-founded Megawatt Power Holdings Ltd., which specializes in the provision of temporary, utility grade, mobile power for developing nations, and acted as the company’s Executive Director until August 2015. Currently, Mr. Adir is mentoring the second Cohort II of Yachting Ventures following Cohort I’s success in 2020. This activity is done without any remuneration to benefit the progress and evolution of entrepreneurship in the Yachting Industry. Mr. Adir graduated from Tel-Aviv University with an Executive MBA. We believe this experience makes Mr. Adir well suited to serves as our Chief Executive Officer.

Charles Baumgartner, our Chief Financial Officer , has over 25 years of experience serving in a number of corporate executive positions. Mr. Baumgartner has served, since January 2017, as Chief Financial Officer of the Win Group (WinterHaven Holdings SI, WinterHaven Marine Centre SI, and WinterTech Marine Intelligence Ltd.), a group involved in superyacht technology solutions and the support of various initiatives across the globe. Since March 2020, Mr. Baumgartner has served as acting Chief Financial Officer of Kano Energy Corp., a company involved in the development of renewable natural gas sites in the United States. In September 2014, Mr. Baumgartner acquired, via an LBO, Collard et Trolart Thermique SAS, a French OEM specialized in thermal solutions and took the Chief Financial Officer role until December 2016. From June 2011 to September 2014, Mr. Baumgartner was Managing Partner of Altamira Capital Partners, a boutique investment house specialized in turnarounds. In April 2008 until June 2011, Mr. Baumgartner served as Chief Financial Officer of Bouygues Immobilier Spain & Portugal, where he lead the restructuration and turnaround during the 2008 financial crisis. Mr. Baumgartner graduated from HEC, Paris with an executive M.B.A. and from ISG, Paris with a Business degree in Finance & Administration.

Ofer Oz, our Chief Technology Officer , has over 25 years of proven track record in design, engineering, supervision and commissioning of IT projects, with an extensive ability of handling large-scale projects of this nature. In January 2019, Mr. Oz co-founded WinTech Marine Intelligence Ltd. and has served as the company’s Chief Technology Officer since that time. In January 1995, Mr. Oz founded and from 1995 to 2021, he has served as the Chief Executive Officer of Triple T Ltd., a company that offers a comprehensives range of technology and infrastructural management support services for a variety of different technology environments, including data centers, ITC infrastructure, information security, network operation centers, homeland security, command and control centers, and multi-media systems. Mr. Oz was a Co-Founder of Yamatel Ltd. and P-cell Ltd., both of which provide integrated, value-added products and services to telecommunications operations worldwide. Mr. Oz graduated from the College of Management Academic Studies with a B.B.A. in Computer Science and Marketing, and from New Port with an M.B.A. We believe this experience makes Mr. Oz well suited to serves as our Chief Technology Officer.

Kenneth Hickling, our Chief Operations Officer , has been working in the yachting industry for over 30 years. Mr. Hickling has served as Vice Chair of Superyacht UK, a flagship association within the UK leisure marine trade body, British Marine Federation, since May 2019. Since March 2016, Mr. Hickling has also served as the British Standards Institution representative to the International Organization for Standardization’s TC8/SC12/WG5, a technical standards working group that addresses quality on superyachts. Since September 2017, Mr. Hickling has served as a Director on the board of Riela Yachts (UK) Ltd., a company that specializes in cybersecurity, safety, technical, crew, and fiduciary administrations and emergency response services for superyachts, their crew and owners. Since September 2016, Mr. Hickling has served as a Director on the board of Viking Maritime Group Ltd., which provides maritime crew services, marine, fire safety and simulator training, and merchant navy cadet training worldwide. Since February 2016, Mr. Hickling has acted as Director of Sherpa63 Ltd., a business advisory company which offers guidance on organizational structure and management, coating technology, strategic marketing, portfolio planning, and staff development and training. Mr. Hickling has also served as Managing Director of Newmar Overseas Consulting Ltd. since January 2017, Optimar Consulting Ltd. since October 2019, and John Robinson Associates Survey Specialists Ltd. since July 2020. From April 2019 to date, Mr. Hickling is an Emeritus Board Member of the industry association: International Superyacht Society (“ISS”), having previously served as the association’s President from January 2012 to December 2014 and also served on the ISS’ board Technical Committee. Mr. Hickling graduated from Solent University with an M.B.A. and an Institute Diploma in Boatbuilding and Boatyard Management. We believe this experience makes Mr. Hickling well suited to serves as our Chief Technology Officer.

Michael Payne will be chairman of our board of directors as of the effective date of the registration statement of which the prospectus forms a part. Mr. Payne has over 40 years of experience in the yachting industry. In September 2017, Mr. Payne was the Managing Director of Northrop & Johnson Europe, a leading international yacht brokerage and member of the LYBrA (Large Yacht Brokers Association), until July 2020 when the company merged with MarineMax, Inc. (NYSE: HZO). From September 2013 until March 2017, Mr. Payne served as Chief Executive Officer of Camper & Nicholsons International, a leading International yacht brokerage house and member of LYBrA, until the company merged with Lai Sun Group (SEHK) and served as the company’s Chief Operating Officer from September 2011 to May 2013. Mr. Payne has been a Senior Broker, accomplishing multiple transactions for some of the world’s most prestigious Yachts. He has a wide experience of new construction shipyards and related businesses. He has been involved with multiple transactions between 20m/60’ to 140m/450’ along with all aspects of Yacht Charter, Charter Management, Yacht Management and Crew placement. He is the Honorary Islandic Consul in Monaco. Mr. Payne graduated from Brighton Secondary Technical College in Brighton UK with a Higher National Diploma in Civil Engineering Materials. We believe that Mr. Payne is well qualified to serve as a director due to his extensive industry and management experience.

Suren Ajjarapu will be one of our directors as of the effective date of the registration statement of which the prospectus forms a part. Mr. Ajjarapu has served as Chairman of the Board, Chief Executive Officer and Secretary of Trxade Group, Inc., (NASDAQ: MEDS) a Delaware corporation, and its predecessor company since July 2010. Since March 2018, Mr. Ajjarapu has served as Executive Chairman of the Board of Kano Energy Corp., a company involved in the development of renewable natural gas sites in the United States. Mr. Ajjarapu was a Founder and served as Chief Executive Officer and Chairman of the Board of Sansur Renewable Energy, Inc., a company involved in developing wind power sites in the Midwest of the United States, from March 2009 to December 2012. Mr. Ajjarapu was also a Founder, President and Director of Aemetis, Inc., a biofuels company (NASDAQ: AMTX), and a Founder, Chairman and Chief Executive Officer of International Biofuels, a subsidiary of Aemetis, Inc., from January 2006 to March 2009. Mr. Ajjarapu was Co-Founder, Chief Operations Officer, and Director of Global Information Technology, Inc., an IT outsourcing and systems design company, headquartered in Tampa, Florida with major operations in India. Mr. Ajjarapu graduated from South Dakota State University with a M.S. in Environmental Engineering, and from the University of South Florida with an M.B.A., specializing in International Finance and Management. Mr. Ajjarapu is also a graduate of the Venture Capital and Private Equity program at Harvard University. We believe that Mr. Ajjarapu is qualified to serve on our Board of Directors due to his considerable experience serving as a director and officer for a variety of public companies.

Eric Blair will be one of our directors as of the effective date of the registration statement of which the prospectus forms a part. Mr. Blair has over 40 years of experience in the insurance industry. Mr. Blair currently serves as the British Honorary Consul to the Principality of Monaco, a position he has held for over 30 years. Mr. Blair was a Co-Founder of the Large Yacht Brokers Association (“LYBRA”) and has been serving as LYBRA’s Secretary General since January 2012. Since November 2018, Mr. Blair has served as the Elected President of the Chambre Monégasque de l’Assurance (“C.M.A.”), which is the only recognized insurance Brokers and Agents professional Association, and previously served as the C.M.A.’s Secretary from October 2009 to November 2018. Mr. Blair has also been a member of the Board of the Cluster Yachting Monaco since September 2018. Since May 1990, Mr. Blair has served as the Chief Executive Officer of Blair & Co. S.A.M., an insurance brokerage company. Since June 2017, Mr. Blair has been appointed as one of the members of the “Conseil Stratégique pour l’Attractivité” (“Strategic Advisory Council for the Attractivity”) of the Principality of Monaco, and was appointed by Sovereign Ordinance by H.S.H. Prince Albert II of Monaco. This Council is headed directly by the Minister of State and the Ministers regularly participate in the meetings. In recognition of his involvement in the various social and economic activities in the Principality of Monaco, Mr. Blair received from H.S.H. Prince Albert II of Monaco the decoration of the Ordre de Saint Charles 15 years ago and was raised to the Grade of Officer in November 2019. Mr. Blair graduated from Franciscan College with a Baccalaureate in Economics. We believe Mr. Blair is qualified to serve on our Board of Directors due to his experience in the yachting industry, paired with his executive knowledge.

Fulvio Dodich will be one of our directors as of the effective date of the registration statement of which the prospectus forms a part. Since November 2020, Mr. Dodich has been a member of the Earth 300 Advisory Board. Since February 2019, Mr. Dodich has served as an honorary advisor of the Hong Kong Cruise and Yacht Industry Association. In July 2017, Mr. Dodich founded Rosettii Superyachts S.p.A. and served as Chief Executive Officer and Chairman of the Board until November 2020. From January 2016 to October 2016, Mr. Dodich was a minority partner and Chief Executive Officer of Dominator Global GmbH. From September 2016 to November 2016, Mr. Dodich was a minority partner of Cantiere Navale Italia Srl, a company manufacturing and selling yachts. In February 2013, Mr. Dodich served as the Chief Executive Officer of Sanlorenzo S.p.A., a company involved in building luxury yachts, and resigned from the company as its Chief Executive Officer and director of the board in July 2014 and December 2014, respectively. Mr. Dodich served as the Chief Executive Officer of Ferretti Yachts S.p.A. and General Manager of Ferretti S.p.A. until November 2007. Mr. Dodich has been a member of the board of directors of Ferretti S.p.A. and Riva S.p.A. He was part of the team presenting Ferretti S.p.A. at the IPO in June 2000 as well as of all road shows for the subsequent years. We believe that Mr. Dodich is well qualified to serve as a director due his involvement within the yachting industry.

Philippe Franchet will be one of our directors as of the effective date of the registration statement of which the prospectus forms a part. Mr. Franchet has been Co-President of Aspirational Consumer Lifestyle Corp. II since February 2021. Mr. Franchet has been a Managing Partner for Magnolia Asset Management, an asset management firm, since 2019. Mr. Franchet previously served as a Managing Partner of L Catterton Europe from 2015 to 2019. Mr. Franchet was a Co-founder of L Capital, the private equity arm of Moët Hennessy Louis Vuitton SE (OTC: LVMUY), and served as a Senior Partner from June 2009 to December 2015. In June 2000, Mr. Franchet joined Groupe Arnault SAS., as Senior Vice President in charge of investments for Europatweb S.A., the technology and internet investment group of Bernard Arnault. Mr. Franchet has been involved in over 100 private equity transactions for the past 22 years and has focused on consumer brands for the past 18 years. He has led transactions and has been a board member in companies such as Forte Pharma, Micromania, Nutrition&Sante, SMCP, ba&sh, Pepe Jeans, Hackett, Princess Yachts, Cellular Line (Borsa Italiana: CELL), Stroili Oro and Piazza Sempione. Mr. Franchet graduated from Telecom Paris Tech with a Masters of Computer Science from and Harvard Business School with an M.B.A. from. We believe that Mr. Franchet is well qualified to serve as a director due to his extensive management and private equity experience.

Mitchell Gordon will be one of our directors as of the effective date of the registration statement of which the prospectus forms a part. Mr. Gordon has worked as a corporate executive, investor and investment banker for over 35 years. Mr. Gordon has served on the board of Mesa Air Group, Inc. (NASDAQ: MESA) since March 2001, the board of Agile Media Group, Inc. since August 2019 and the board of Merchants Fleet since November 2016. Mr. Gordon is affiliated with Weild & Co., where Mr. Gordon has been a Managing Director since December 2017. Mr. Gordon served as Chief Executive Officer of Edition Logistics Management from June 2018 to July 2019. He has been Chief Executive Officer of Edition Capital Partners, a Merchant Banking firm, since January 2016 and was President and Chief Financial Officer of Cambridge Capital Acquisition Corporation from December 2013 to December 2015. He was a Member of the Office of the President and Chief Financial Officer of Interpool (NYSE: IPX) from October 2000 to July 2003 and Chief Executive Officer of Agile Media Group, one of the first nationwide tech-enabled truck-side advertising companies, from August 2019 to present. Mr. Gordon has also served on three other public and private corporate boards and on numerous not-for-profit boards, including HIAS and various boards of Hunter College (CUNY). Mr. Gordon graduated from Harvard Business School with a M.B.A. and from Washington University with a B.S.B.A. in business administration. We believe Mr. Gordon is qualified to serve on our Board of Directors due to his experience in the board room, as well as his corporate leadership experience.