North Sails sold

Oakley Capital Investments, an equity fund founded by British entrepreneur and yachtsman Peter Dubens, has purchased North Technology Group for an undisclosed sum. The announcement was made on March 3. The deal is rumored to be worth between $400 and $450 million.

Dubens, 44, led another of his funds, Pembroke Venture Capital Trust, to acquire Boat International, a superyacht magazine, earlier this year. North’s former owner is Terry Kohler who has owned the company since 1984.

By Ocean Navigator