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North Sail changed ownership

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The world leader in sail production, North Sail, has been sold to the British investment fund Oakley Capital. According to media reports, the transaction amounted to $130 million.

According to the agreement, Oakley Capital received a controlling stake in North Technology Group, which previously owned the company. The board of «of the revamped» North Sail will be led by Peter Dubens, managing partner of Oakley, Sir Charles Dunstone, co-founder of Carphone Warehouse, will become an independent director and Tom Whidden will remain as CEO.

North Sails is a company founded in 1957. It is a world renowned sailboat builder and supplier to large yacht builders as well as being the backbone of some of the world's most famous regattas.

As for the new owner of the famous vendor, the media have noted Peter Dubens' long-standing love for sailing. A little earlier, the businessman's assets were used for another investment: Pembroke Venture Capital Trust acquired Boat International Media, a media group that publishes magazines about the yachting industry.

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