Please select your home edition
Edition
Wildwind 2016 728x90

North Technology Group deal expected to be confirmed today

by Dan Ibsen, Sail-World Europe on 1 Mar 2014
.
While rumors abound that a British private equity fund has acquired US owned North Technology Group, the parent company of North Sails, the largest sail maker in the world, for an amount believed to be around US$ 130 million post after existing debt has been retired it seems the deal will be confirmed today according to sources close to the company.


The private equity fund Oakley Capital Investments, which is looking to take control of North Technology Group was founded by 44 year old British sailor and entrepreneur Peter Dubens.

Dubens normally keeps a very low profile in public, and is one of England's most successful business builders and developers over the past 20 years. His first major business success was t-shirts that change color with body temperature, since then he has his fortune by investing in a very wide range of companies and business areas, to telecommunications, to online betting and much more - the list is endless.

Dubens bought the Internet provider Pipex and resold to Tiscali to everyone’s satisfaction. . He also developed 365 Media, a dot.com business which became a major entertainment and news service, and later sold to Sky £100 million.

The North Sail company was established way back in 1957 and has evolved into the world's leading sail making company also covering a number of other companies within the maritime industry : North Sails Direct, North U, North Sails gear, North TPT (thin - ply technology) , North Sails sportswear, Southern Spars etc.

It seems likely that Dubens sees the obvious long term potential in the composites technology rather than the comparatively small marine industry market.

North Sails are in already heavily involved in the aerospace industry with their TPT composites technolgy and are at the bleeding edge of automotive racing They have been involved with Red Bull F1 cars for two seasons now, and McLaren this year also.

The sale of North Technology Group would not have any direct influence major regional groups like North Europe, North New Zealand and North Australia as these are all independent companies.

Watch this space!!
Barz Optics - Melanin LensesJeanneau Sunfast 660x82Bakewell-White Yacht Design

Related Articles

Hamilton Island Race Week - Book your preferred accommodation deals
Have you booked your accommodation for Hamilton Island Race Week 2017? Have you booked your accommodation for Hamilton Island Race Week 2017? All the best properties book out early, so make sure you book soon to secure your preferred option.
Posted on 27 Feb
A rare opportunity to sail in Canada!
Sail the fabulous Vancouver Island, Georgia Straights and The Desolation Sound. Sail the fabulous Vancouver Island, Georgia Straights and The Desolation Sound. This area regarded as the greatest wilderness and picturesque area in the world is open to a 16 day cruise with Sailing Adventures.
Posted on 27 Feb
Great prices on stock to clear!
Multipurpose water sports smock top. Suitable for Inshore / Dinghy sailing. Tear proof fabric, adjustable cuffs Multipurpose water sports smock top. Suitable for Inshore / Dinghy sailing. Tear proof fabric, adjustable cuffs, neck and hem, fully taped, pre cast elbows, large front pocket with water resistant zipper, reflective shoulder prints.
Posted on 27 Feb
Yachtswomen to ‘seas’ the day at Sail Port Stephens Race Week
The Women Who Sail Australia (WWSA) group will be staging their second annual Gathering on the Bay as an entrée Women are kicking sporting goals everywhere you turn these days, so it’s not surprising that the 2017 Sail Port Stephens race week in April will have its strongest ever representation of yachtswomen.
Posted on 24 Feb
See it first at the Gold Coast International Boat Show & Marine Expo
Boating enthusiasts will find everything they need to have fun on the water all in one place Boating enthusiasts will find everything they need to have fun on the water all in one place when the first major Australian boat show for 2017 gets underway on Queensland’s Gold Coast in just three weeks.
Posted on 23 Feb
New Drew Marine Signal & Safety AUS General Manager of Operations
Drew Marine Signal & Safety Australia announce the appointment of its new General Manager of Operations, Fenton Long. The world's leading supplier of marine pyrotechnic distress signals, Drew Marine Signal & Safety, announces the appointment of its new General Manager of Operations for Drew Marine Signal & Safety Australia, Fenton Long.
Posted on 22 Feb
'Row like a Girl' Atlantic record breaker joins Zhik
Olivia Bolesworth, one of Row like a Girl Atlantic crossing record-breakers joined Zhik as Corporate Activation Manager. Olivia Bolesworth, one of the Row like a Girl Atlantic crossing record-breakers, has joined Zhik as Corporate Activation Manager. Olivia, a design graduate from Bristol UWE, was one of the youngest and fastest females to row across the Atlantic, breaking two world records and finishing second overall in the event.
Posted on 22 Feb
Abell Point are making quite a splash!
Abell Point Marina, has seen significant infrastructure and service upgrades since it came under new ownership in 2013. With a strong focus on continuous improvement, Abell Point Marina, the popular Queensland marina precinct, has seen significant infrastructure and service upgrades since it came under new ownership in 2013. Achieving first global 5 Gold Anchor accreditation in world in 2016 cemented Abell Point’s position in the marina industry and 2017 will see some newsworthy additions to the Abell Point offer.
Posted on 21 Feb
Hamilton Island Race Week 2017 - Accommodation options
Have you booked your accommodation for Hamilton Island Race Week 2017? Have you booked your accommodation for Hamilton Island Race Week 2017? All the best properties book out early, so make sure you book soon to secure your preferred option.
Posted on 20 Feb
More marina space and exciting firsts for GC Boat Show and Marine Expo
More marina space and exciting additions to an impressive Fleet of Firsts have set scene for a colossal marine showcase More marina space and even more exciting additions to an already impressive Fleet of Firsts have set the scene for a colossal marine showcase both on water and on land on Queensland’s Gold Coast from 17-19 March.
Posted on 17 Feb