IN BRIEF: Oakley Capital Investments converts some North Sails equity
Oakley Capital Investments Ltd - provides access to equity investments of funds managed by Oakley Capital Ltd - Board approves the conversion of USD107 million of its preferred equity position in portfolio business North Sails, a marine action sports company, into ordinary equity, effective on Thursday. This allows OCI to "better participate in future returns" in the investee company, and was in response to "positive trading momentum and strategic acquisitions" by North Sails over the last year. Read More