Financial details of the deal were not disclosed, although YFM tends to invest up to £10m of equity per deal in fast-growing UK businesses.
Yorkshire Bank provided debt funding and working capital for the deal.
The company, which was founded by current non-executive director Nick Gill in 1975, has revenues of about £12m and employs 44 people.
It manufactures sailing clothing and accessories for export to more than 35 countries, and is the official technical clothing supplier of the internationally renowned Cowes Week Regatta.
YFM director Paul Cannings said, “This is a strong management team that has delivered growth for the past three years in a difficult retail market.
“With our financial and strategic support we will help the team develop the brand further and increase its market share in existing and newer markets.”
Earlier this year YFM sold independent medical communications agency Fishawack to Growth Capital Partners in a £13m deal.
YFM made a two times return on its original investment. GCP said its investment would fund the acquisitive growth strategy of the business as it looked to expand further internationally.
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