Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOCL.L Share News (OCL)

  • There is currently no data for OCL

Oakley Acquires North Technology Group

Thu, 06th Mar 2014 11:54

LONDON (Alliance News) - Oakley Capital Investments Ltd said Thursday it has completed the acquisition of a majority stake in North Technology Group, LLC.

North Technology is a marine technology group which includes the worldwide leading sailmaker, 'North Sails.'

Oakley said its investment will assist the firms' management team in growing and further development of its North Sails brand.

North expects revenue of over USD157 million for the year to December 31, 2013, the majority of which is recurring and predictable being derived from the maintainance of sails and the normal replacement and upgrade cycle, it said. The total enterprise value for the business is USD131 million.

Oakley Capital provides investors with access to the investment strategy being pursued by Oakley Capital Private Equity LP.

Shares in the firm were trading down 3.00% at 175.00 pence per share Thursday.

By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance

Copyright © 2014 Alliance News Limited. All Rights Reserved.

Related News

Oakley Capital Investments undergoes 18% investment growth
3 Feb 2017

Oakley Capital Investments undergoes 18% investment growth

(ShareCast News) - -Oakley Capital Investments, an AIM-listed company established to provide investors with access to the investment strategy being pu...

Oakley Capital to buy portfolio of European property websites
20 Dec 2016

Oakley Capital to buy portfolio of European property websites

(ShareCast News) - Bermuda-based Oakley Capital Investments is to buy a portfolio of European property websites. AIM-listed Oakley's private equity fu...

OCL.L News

Oakley Capital Investments undergoes 18% investment growth
3 Feb 2017

Oakley Capital Investments undergoes 18% investment growth

(ShareCast News) - -Oakley Capital Investments, an AIM-listed company established to provide investors with access to the investment strategy being pu...

Oakley Capital to buy portfolio of European property websites
20 Dec 2016

Oakley Capital to buy portfolio of European property websites

(ShareCast News) - Bermuda-based Oakley Capital Investments is to buy a portfolio of European property websites. AIM-listed Oakley's private equity fu...

Directors' dealings: Oakley Capital´s Dubens adds to stake
27 Oct 2016

Directors' dealings: Oakley Capital´s Dubens adds to stake

(ShareCast News) - Oakley Capital Investments´s Peter Dubens added significantly to his stake in the mid-market private equity investor. On 27 October...

Director dealings: Dubens delivers immediate returns at OCL
25 Oct 2016

Director dealings: Dubens delivers immediate returns at OCL

(ShareCast News) - Oakley Capital Investments Limited (OCL) founder and chief executive Peter Dubens has splashed the cash and sent shares in the AIM-...

Oakley Capital says Inspired completed three acquisitions
13 Sep 2016

Oakley Capital says Inspired completed three acquisitions

(ShareCast News) - Private equity investor Oakley Capital Investments said on Tuesday that Inspired, a premium schools organisation in which it has an...