Oakley Capital (Oakley Capital Investments Limited (LSE:OCI)) is weighing options, including a sale, for its Norwegian maritime training software company Pelican Midco Limited (Ocean Technologies Group) (OTG), three sources close to the matter told Reuters. The London-based private equity firm has hired advisers at Houlihan Lokey and Goldman Sachs to gauge interest in the business, which could be worth more than $1 billion, two of the people said. Deliberations are at an early stage and Oakley Capital is planning an auction for the business over the summer, the sources added.

OTG referred a request for comment to Oakley Capital, which declined to comment. Goldman Sachs and Houlihan Lokey also declined to comment.