izmir haber izmir haber malatya haber malatya haber
 
MarineBusiness-World.com
 
 
News Home Australian Cruising FishingBoating Photo Gallery Sail-World Australia
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.marinebusiness-world.com/index.cfm?nid=122812

10:50 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 ...






Marine Business News

RYA Dinghy Show - On 28 February Greenwich Yacht Club was presented with a brand new safety boat and outboard engine at the Show held at Alexandra Palace. ... [more]  

Mar 3,2015: China gave markets a pleasant surprise over the weekend with an interest rate cut. Chinese Governments officials must set the growth targets, and to achieve any where near 7% would require stimulus, hence the interest rate cut. The stimulus was good news for global markets, ... [more]  

To coincide with National Careers Week (02-06 March), throughout the week we will be chatting to various people working in the marine industry about their job, how they got started, the kind of qualifications they needed. ... [more]  

Life skills National Careers Week - Our second ‘Day in the Life’ profile for National Careers Week (02-06 March), comes from Oliver Wyatt (24), who works as a Rigger at Performance Rigging Ltd based at Hamble Point Marina, Hamble. We grabbed five minutes with him during his busy day to find out exactly what a job as a rigger involves, how he got started and what makes a good yacht rigger. ... [more]  

Initial applications of the new measurement rule. Since April 2013, the masts and keels of the new boats have been standardised. High Tech precision and equity. ... [more]  

NZ Rigging Supplied the Mast and Rigging package for Adrian Walters new Shaw 11 mtr 'Little Nico'. The mast is a High Modulus mast with internal locks on all halyards, internal mast jack, one piece Nomex cored box section boom, and composite rigging.cored box section boom, and composite rigging. ... [more]  

Sirocco Marine, exclusive distributor for the BRIG brand of premium RIBS in Australia, recently took to local waters to shoot a lifestyle-themed brochure for its current range. ... [more]  

New WA home for BRIG by Sirocco Marine
South Fremantle is now home to a new BRIG headquarters, the only authorised BRIG agent in Western Australia. ... [more]  

Superior Jetties has undertaken a major photo shoot for its Waterscape pontoon and soon to be released range of Waterscape furniture, which will form part of its 2015 global marketing campaign. ... [more]  

RYA Dinghy Show - Pictures from round the show. Lots more to come on the Suzuki Main Stage, Coaching Area and around all the stands! ... [more]  

This summer’s ‘must have’ tickets for The America’s Cup World Series, Portsmouth (ACWSUK) are officially available from Monday 2nd March. Fans and spectators are encouraged to book their place now to avoid disappointment with event organisers already receiving a large number of ticket and hospitality enquires. ... [more]  

Clipper Motor Yachts has just announced the world premiere of its new-generation Cordova 60 exclusively at the 2015 Gold Coast International Marine Expo (21-24 May 2015). ... [more]  

Doyle Sails has announced that effective immediately, Peter Boyd will be acting as their representative in the Bay of Islands. The Bay of Islands is a key location for Doyle, particularly with a high percentage of Doyle’s cruising customer base clearing out of Opua. Based in Paihia, Peter will also be spending regular time in the Pacific Islands and can provide support to Doyle cruisers ... [more]  

Ever since the first Wooden Boat Festival was held in Hobart in 1994, Jude and I have dreamt of attending. Where else would we see hundreds of classic and historical timber vessels gathered in a city renowned for its natural beauty and deep connection with Australia’s past. ... [more]  

At the RYA Suzuki Dinghy Show today (01 March), disabled teen sailor Natasha ‘Miss Isle’ Lambert presented a cheque for £5,469.20 to the RYA Foundation, following her epic ‘Sea and Summit Challenge’. ... [more]  

RYA Dinghy Show - RYA Club of the Year 2015 award winner announced by Susie Nation-Grainger - RYA Press Office
At the RYA Suzuki Dinghy Show (Saturday 28 February) - RYA Club of the Year 2015 received their award from British Sailing Team’s Nick Thompson and RYA CEO, Sarah Treseder. ... [more]  

Commercial and regulatory challenges are driving the development of new technologies and strategies for the design and operation of ships. To date, most improvements in ship fuel efficiency have been realised through changes in behaviour, such as slow steaming, and reductions in installed power, to meet the Energy Efficiency Design Index (EEDI) requirements. ... [more]  

The International Sonar Class is pleased to announce that Shumway Marine, with the cooperation of designer Bruce Kirby has made arrangements to have the Sonar built by Rondar Race Boats in the U.K., with plans eventually to have the boat built on both sides of the ocean. The American Rondar facility is in Peabody, MA. Rondar, expects to launch its first Sonar in April. ... [more]  

Rio de Janeiro's state environmental agency says it is investigating a fish die-off that has left thousands of carcasses floating in waters where sailing events are to be held when Brazil hosts next year's Olympics. ... [more]  

The 2015 RYA Suzuki Dinghy Show brought to you by the RYA, in association with Yachts and Yachting (28 February-01 March), was opening byfour time Laser World Champion Medallist Nick Thompson and Ben Ainslie Racing (BAR) sailor David ‘Freddie’ Carr. ... [more]  

RYA Suzuki Dinghy Show - a British tradition by Rob Kothe and Jedda Murphy
Our favourite boat show in the whole world is the RYA Suzuki Dinghy Show. It is like no other, with a large percentage of eight to 15-year olds, with many young siblings often dragging their parents down the aisles. Its a dull overcast day in Lonon with rain showers, but inside the heated halls of the Alexandra Palace, the fabled 'Ally Pally' , around 5,000 visitors will gaze at touch and feel ... [more]  

The inaugural Australian 4x4 and Marine Expo at Manly Boat Harbour on March 6-8 will feature a full program of entertainment and interactive activities for the whole family to enjoy. ... [more]  

Suzuki Marine Dealers up and down the country will this week take delivery of a brand new stock of DF2.5Ls – the long shaft edition, which will also be taking pride of place on the Suzuki stand (F10) at the upcoming RYA Suzuki Dinghy Show (28 February – 01 March). ... [more]  

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced today 2015 scholarship opportunities. Accepting applications until March 15th, children of enlisted Coast Guard members may apply for scholarships ranging from $1,000 to $5,000 per year. ... [more]  

At the prestigious Superyacht Design Symposium in Kitzbuhel, Austria, Britain companies took top ShowBoats Design Awards. From the 17 Awards presented on the night, 12 included the work of nine British-based architect and design companies. ... [more]  

US Sailing’s Rolex Yachtsman & Yachtswoman of the Year Awards 2015 ceremony celebrated the sailing accomplishments of Terry Hutchinson (Annapolis, Md.) and Stephanie Roble (East Troy, Wisc.) as it returned to the iconic Model Room at the New York Yacht Club in Manhattan after having moved to the west coast for the past three years. ... [more]  

Feb 27, 2015: The EUR was battered overnight, as the Dollar surged. NZ Trade data was as expected, with contraction from Exports and Imports, although the balance was positive. Central Bank activity remains the major driver of currencies while insipid economic data does not support the robust economic recovery many touted. T ... [more]  

Last year, OceansWatch trialled a Climate Change adaptation program in two communities in the Solomon Islands which have been identified as one of the countries that will be most affected by the rising sea levels and increased storm conditions. The low coral atolls where we work are especially vulnerable. ... [more]  

To coincide with Lifeskills National Careers Week (02-06 March) throughout the week the RYA will be showcasing just some of the great jobs available within the marine sector and running daily features about courses, diplomas and routes to becoming an instructor in various boating disciplines. ... [more]  

The HPYD conference is jointly organised by The Royal Institution of Naval Architects (NZ) and The University of Auckland and will be held at the Marine Event Centre in Auckland to coincide with the Volvo Ocean Race stopover. It attracts some of the world’s most preeminent yacht designers and is recognised as one of the top three conferences in this area internationally. ... [more]  

Rainbow II is one of the most iconic yachts in New Zealand sailing history. Built and skippered by Chris Bouzaid, her win in the One Ton Cup in 1969 was New Zealand’s first big international sailing win. Doyle Sails NZ was commissioned to build the new sails for the iconic Rainbow II with design work by Chris’ son Richard ... [more]  

Sailors for the Sea and Cruising Club of America will work together to encourage sailors to become stewards of the ocean. Sailors for the Sea, a leading conservation organization that engages, educates, inspires and activates the sailing and boating community toward healing the ocean, will partner with the Cruising Club of America (CCA), an international organization of over 1,300 sailors ... [more]  

RYA Suzuki Dinghy Show 2015 brought to you by the RYA, is the only place to be this weekend (28 February-01 March) whether you’ve never set foot in a dinghy or you’re a seasoned pro. ... [more]  

Collinson FX Market Commentary: Feb 26 - Big jump for AUD
Deep sea mysteries and torchlight adventures at the museum
RYA Suzuki Dinghy Show - Clamcleats 50th anniversary competition
Rondar Raceboats to build new keelboat with support of Bruce Kirby
2015 Miami International Boat Show– StormFender earns Innovation Award
Hamilton Island Race Week – Fantastic options to book accommodation
Alex Thomson Racing announces collaboration agreement
Sydney Trailer Boat Show - A great array of new trailer boats
Introducing Garmin’s powerful 7400xsv series of multifunction displays
Collinson FX Market Commentary: Feb 25 - Politics prevail in Greece
10 tips from BoatUS for owners and renters
XCAT World Series – XCAT racing will take place in Australia in August
Collinson FX Market Commentary: Feb 24 - Greeks have deadline of today
Marine15 International Conference - More pre and post events
GC Intel Marine Expo - Havana Houseboats announces world first
Elvstrom Sails UK announce new authorised dealer in Brighton
The history of the Optimist Dinghy
Sydney Sailboat Expo supports Andrew Simpson Sailing Foundation
Gold Coast boatbuilder Telwater forced to lay off 45 staff
Beneteau Oceanis 35 - The 3-in-1 Marvel
Fusion® introduces groundbreaking new Signature series speakers   
Hobie returns to Sanctuary Cove International Boat Show   
RYA Suzuki Dinghy Show 2015 – British Sailing Team experts lined up   
RYA Dinghy Show – Ben Ainslie Racing to be the star attraction   
RYA Suzuki Dinghy Show - Boats, gadgets, kit and more   
Collinson FX Market Commentary: Feb 20 - Dips and struggles   
Collinson FX Market Commentary: Feb 19 - Markets wait   
Tropical cyclone Marcia set to hit Queensland coast possibly Cat 5   
35th Maarten Heineken Regatta - Loyal sponsors continue support   
Gold Coast Marine Expo - Super 60s set to stun multihull lovers   
Australian 4x4 and Marine Expo - Snow Sailor and Baja confirmed   
Kite Controller gives wings to kayaks and canoes   
Fusion® unveils 750 and 650 series marine entertainment systems   
Collinson FX Market Commentary: Feb 17 - Kiwi benefits from big margin   
Collinson FX Market Commentary: Feb 18 - Kiwi benefits from big margin   
RYA Suzuki Dinghy Show is full of activities to entertain whole family   
Australian Master Marine conduct sea class trials on new boats   
RYA Dinghy Show - Laserperformance to exhibit iconic boats   
Discover Nautor's Swan history, features and behind-the-scene stories   
RYA Suzuki Dinghy Show 2015 - Graduates to unveil a brand new boat   


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
  






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 MBW
LocalAds   DE  ES  FR  IT