Please select your home edition
Edition
GAC Pindar Freight

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!!
Collinson and CoHall Spars - MastHarken AUS HL Snatch Block 660x82

Related Articles

Collinson FX Market Commentary - Dec 8 - Australian economy struggles
The currency recovered some of the losses overnight, to trade 0.7470, while the NZD consolidates above 0.7125. The Australian economy is struggling and the contraction in economic growth is a historical symptom of this. The currency recovered some of the losses overnight, to trade 0.7470, while the NZD consolidates above 0.7125. Action and rhetoric from the ECB will drive markets overnight, with the Fed next week expected to turn the page on QE infinity, rising from the ashes.agnation and disruption.
Posted today at 11:55 am
Around Australia record breaker – with Mercury FourStrokes
In the Southern Ocean Mark was often battling eight metre seas – a six metre swell with two metres of chop on top. Mark Ratchford is calling it his ‘huge adventure’ which might be an understatement considering he’s just spent four months on a solo 16,500 km circumnavigation of Australia in a 6.5 metre fishing boat. In the Southern Ocean Mark was often battling eight metre seas – a six metre swell with two metres of chop on top.
Posted today at 6:04 am
Ludde Ingvall's CQS arrives in Sydney
Ludde Ingvall’s super maxi CQS arrived in Sydney today from Auckland, New Zealand, having left last Thursday. Ludde Ingvall’s super maxi CQS arrived in Sydney today from Auckland, New Zealand, having left last Thursday. The crew said they’d had a very good shake down.
Posted today at 5:42 am
Superyacht Australia leads Commonwealth Games strategy
As preparations continue in lead up to GC 2018 Commonwealth Games, to be held at several venues in south-east Queensland As preparations continue in the lead up to the Gold Coast 2018 Commonwealth Games, to be held at several venues in south-east Queensland, 4 to 15 April 2018, Superyacht Australia has taken the lead in developing the strategy that will form the foundation of the Superyacht Visitation Programme.
Posted today at 2:34 am
Australian Commercial Marine Group supports industry at SMIX event
ACMG proudly sponsored Royal Institute of Naval Architects/Institute of Marine Engineering, Science and Technology The Australian Commercial Marine Group (ACMG) proudly sponsored the Royal Institute of Naval Architects (RINA) and The Institute of Marine Engineering, Science and Technology (IMAREST) at the annual SMIX event on board the 'James Craig' in Sydney on Thursday 1st December.
Posted today at 1:37 am
Hella Marine appoints new Product manager
Ramon Surrey has joined Hella Marine as its new Product Manager. Hella Marine, the leading manufacturer of high-performance recreational and commercial marine lighting, has named Ramon Surrey as its new Product Manager. He is based out of the company's headquarter offices, located in Auckland, New Zealand.
Posted today at 1:14 am
Great Barrier Reef managers and industry prepare for summer
Marine park managers, scientists and experts recently met for the annual pre-summer workshop Marine park managers, scientists and experts recently met for the annual pre-summer workshop to assess climate-related risks to the Great Barrier Reef over the coming months. Current predictions by the Bureau of Meteorology and National Oceanic and Atmospheric Administration are for a summer of average sea temperatures across the Great Barrier Reef.
Posted on 7 Dec
Welcome supermaxi yachts CQS and Scallywag to Birkenhead Point Marina
This year Birkenhead Point Marina will be accommodating two of the supermaxis yachts for Rolex Sydney Hobart Yacht Race. This year Birkenhead Point Marina will be accommodating two of the supermaxis yachts for this year's Rolex Sydney Hobart Yacht Race.
Posted on 7 Dec
Introducing the Airbnb of the mooring and marina world
Have you ever struggled to find an available mooring, or do you have a mooring that is sitting vacant? Have you ever struggled to find an available mooring, or do you have a mooring that is sitting vacant? makefastmooring.com is aiming to solve this problem by connecting boat owners with those with vacant moorings or berths. With a growing number of moorings and marinas in New Zealand, Australia and around the world, makefastmooring.com allows people to find, rent and share moorings and berths.
Posted on 7 Dec
Domenic Genua awarded Trevor Riddell President's Award
Domenic Genua has been awarded Trevor Riddell President's Award at EEAA’s prestigious Awards for Excellence gala dinner. Domenic Genua has been awarded the Trevor Riddell President's Award at the Exhibition and Event Association of Australasia (EEAA)’s prestigious Awards for Excellence gala dinner.
Posted on 7 Dec