NXT Capital announced that it has provided a $71 million senior secured facility to fund Oakley Capital Private Equity’s (“Oakley Capital”) acquisition of North Technology Group, LLC. 

NXT Capital was the joint lead arranger, joint bookrunner and administrative agent for this transaction.

North Technology Group manufactures and markets the most technologically advanced sails, spars and rigging to the world’s largest yachts and sailing teams. Founded in 1957 in a San Diego garage, North Technology Group operates 147 sites in 63 countries worldwide.

Oakley Capital is a middle-market private equity investor headquartered in London with over €750m under management. Oakley’s investment will assist North Technology Group’s management team in growing and further developing the North Sails brand to ensure the Group remains at the forefront of technology for marine industry products.

NXT Capital provides structured financing solutions to middle-market companies and real estate investors through its Corporate Finance, Equipment Finance and Real Estate Finance groups. Based in Chicago with offices in Atlanta, Charlotte, Dallas, Kansas City, Minneapolis/St. Paul, Los Angeles, New York, Phoenix and San Francisco, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million.