sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Oakley Capital to buy North Sails Europe -merge with Norths Sails USA
Oakley Capital to buy North Sails Europe -merge with Norths Sails USA

British investment group Oakley Capital has today announced, it has reached agreement to acquire North Sails Europe A/S and North Sails A/S (together 'North Sails Europe'), the exclusive licensee and distributor for North Sails’ sailing technology and products in Europe and New Zealand. The acquisition is expected to complete on June 30 2014 and will complement Oakley Capital’s March 2014 acquisition of the US based North Technology Group.

'We are delighted to be backing an iconic brand like North Sails,' said Peter Dubens, Managing Partner of Oakley Capital. 'The acquisition of North Sails’ European distributor and licensee will allow the company to provide seamless service, products and technology to its clients on a global basis.'

Through the sales, design and sail care teams, the North Sails lofts in Europe and New Zealand have worked closely with America's Cup, Vendee Globe and Volvo Ocean Race teams to help them win on some of sailing’s biggest stages worldwide.

'We are so pleased that North Sails in North America and North Sails in Europe are finally one,' said Tom Whidden, CEO of North Technology Group. 'Thanks to Oakley Capital's investment in North Sails, this common ownership and unified management will allow North Sails to better pool its valuable resources and talent from a worldwide team of sailmaking experts. This single global vision will create synergies and enhance sailors'
experiences throughout the world.'

'Taking a lesson from our time on the water, constant improvement is critical to staying ahead of the competition,' explains North Sails Group global president Ken Read. 'This merger insures North Sails’ ability to improve at a greater rate than ever before. In addition, it ensures North Sails remains at the forefront of sailmaking development. A stronger bond between our teams in North America with our teams in Europe and New Zealand will allow North Sails to take another dominate step forward in more efficient design and manufacturing, as well as a more consistent sales and service approach. It’s an exciting time at North Sails.'

North Sails’ Europe operates sales and services sites in 13 countries and has manufacturing sites in six countries. The European based team will continue to work with clients in a variety of sailing demographics. One Design sailing and sail development will remain critical for North Sails in Europe and worldwide, designing and producing sails for approximately 150 one design keelboat and dinghy classes. North’s patented 3Di and 3DL three-dimensional sail technology will continue to be developed and delivered to thousands of boats each year. Paneled sail manufacturing will also remain at the forefront for both cruising and racing sails across Europe and New Zealand.

'I am extremely happy that Tom Whidden and our team have managed to bring the North American and European North Sails teams together under Oakley Capital’s new dynamic ownership,' said Ib Andersen, Chairman of North Sails Europe. 'The consolidation will enhance North Sails’ capacity to provide the best sails, sail care, and the leading technology in the sailing industry. While we continue to think global, North Sails is now better suited to act local.'

Oakley Capital’s investment in North Technology Group as well as this complementary acquisition of North Sails Europe will assist the management team in growing and further developing the North Sails brand to ensure it remains a leader in the marine industry.

About North Sails Europe A/S and North Sails A/S ('North Sails Europe')
North Sails Europe is the exclusive and distributor for North Sails sailing technology and products in Europe and New Zealand. North Sails Europe was founded in 1995 and operates sales and service lofts in New Zealand, France, UK, Spain, Denmark, Germany, Italy, Sweden, Belgium, Holland, Croatia, Hungary, and Hong Kong as well as operating manufacturing facilities in Denmark, France, UK, Italy, New Zealand and Spain.

For the year ended 31 December 2013, North Sails Europe had revenues of over EUR56m, the majority of which is recurring, being derived from the maintenance of sails and the normal replacement and upgrade cycle. The total enterprise value for the business is EUR30m.

About North Technology Group ('NTG')
North Technology Group originated with worldwide sailmaking leader North Sails in 1957. Founded by Lowell North in a garage in San Diego, USA, NTG has grown into a diverse family of companies serving marine and manufacturing markets worldwide. Each company was built on the principle of delivering advanced performance through superior technology and a commitment to quality craftsmanship and customer service. Other NTG companies include; Edgewater Power Boats, North Cutting Systems, North Thin Ply Technology, and Southern Spars, the industry leader in composite spar and rigging.

About Oakley Capital Private Equity
Oakley Capital Private Equity is an unlisted mid-market private equity fund with the aim
of providing investors with significant long term capital appreciation. The Fund's investment strategy is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement. The Fund seeks to invest in companies with scale in their industry subsectors, thereby creating a sustainable earnings stream which should command a premium on exit.


by Sail-World Europe


  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=122812

11:50 AM Mon 2 Jun 2014GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2012 North Technology Group
2014 North Sails NZ News

Related News Stories:

28 May 2014  ANZ Fiji Race: Crusader crew get another wet ride - Video
25 May 2014  Hutchwilco NZ Boat Show: Having a Go - Taking sailing to the people
01 May 2014  North Sails NZ e-News for April 2014
15 Apr 2014  Volvo Ocean Race: North Sails on outfitting the Volvo 65
08 Apr 2014  Weta Marine focused on growing grass roots sailing at Hutchwilco Show
24 Mar 2014  For the Record...
20 Mar 2014  Norths Sails NZ newsletter: Summer 2013/14: Acquistion and Round NI
04 Mar 2014  UK based Oakley Capital buys majority stake in North Technology Group
06 Feb 2014  Southern Spars: Your chance to join one of the world's iconic builders
31 Oct 2013  The Professional - Part 2 of a conversation with Ken Read
MORE STORIES ...





News - USA and the World



















2014 Rolex Big Boat Series - Farr 40 Day 4 by William Wagner, San Francisco
















































America's Cup: Luna Rossa sailing with two foiling AC45's + Video
Extreme Sailing: Emirates Team NZ retain second overall
ISAF Sailing Worlds, Santander - Rio Olympic Laser spots snapped up
Rolex Swan Cup - All set for final showdown
Upper Midwest sailors need help to take it to the next level
ISAF Sailing World Championships - RS:X action begins in Santander
ISAF Sailing Worlds, Santander - Americans rise in Laser and Radial
Extreme Sailing Series - A remarkable penultimate day’s racing + Video
Marseille One Design - GC32 GDF Suez unstoppable in the light
Rolex Swan Cup - Day 3 images by Carlo Borlenghi
ISAF Sailing World Championships - Images of the leaders in Santander
Rolex Big Boat Series - Good day for Double Trouble
Rolex Big Boat Series - Day 2 images by Erik Simonson
Royal Cup Marina Ibiza - TP52 fleet ready for tricky race tracks
Rolex Big Boat Series - Plenty maintains lead
2014 Asia Pacific Student Cup - Count down begins
Extreme Sailing Series: Live coverage of Day 3 - view here
Volvo Ocean Race 2014-15 - Going away
Volvo Ocean Race 2014-15 - Practice makes perfect
2014 J/70 World Championship - Contrasting conditions on Day 4
Rolex Big Boat Series - 50 years of big boat racing: a retrospective   
2014 Rolex Big Boat Series - Day 2   
Snipe Western Hemisphere and Orient Champ: Rios takes the Championship   
Volvo Ocean Race: Leg Zero signals start of the significant racing   
Extreme Sailing Series: Physically demanding racing for BAR on Day 2   
Emirates Team NZ: Holding second overall after Day 2 in Istanbul   
Extreme Sailing Series: A force to be reckoned with in Istanbul +Video   
ISAF Sailing Worlds - Day 1 images by Jesus Renedo and Pedro Martinez   
Marseille One Design: GC32's Armin Strom storms ahead on day 2 + Video   
ISAF Sailing World Championships - Racing underway in Santander +Video   
ISAF Sailing Worlds, Santander - Erika Reineke claims Radial race win   
Santander Worlds 2014 Mat Belcher (Part II) *Feature   
Rolex Swan Cup - Mistral keeps fleet shoreside   
PWA Cold Hawaii World Cup rescued by wave of local support   
ISAF Sailing World Championship, Santander - Opening ceremony images   
Volvo Ocean Race 2014-15 - Team Alvimedica geared up for Leg Zero   
J/70 World Championship 2014 - Healy surfs into lead   
2014 Rolex Big Boat Series - Day 1   
2014 Rolex Big Boat Series - Gripping first day on the Bay   
2014 Rolex Big Boat Series - Day 1 images by Erik Simonson   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News






Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT