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LoneStar buys Octopus-backed Hydrobolt

LoneStar, backed by private equity firm AEA Investors, has bought Hydrobolt, a manufacturer and distributor of high integrity fully traceable specialty fasteners, machined components, and flanges and fittings predominately servicing the global oil and gas and power generation markets.

The transaction, which has been managed by Rothschild, represents an exit for the Octopus Eclipse Venture Capital Trust (VCT) fund.
Octopus first invested in Wolverhampton-based Hydrobolt in April 2008, when the venture capital investor backed the management buy-out of Hydrobolt. Since then the company has grown substantially, both organically and via acquisition.
Jamie Simpson, managing director of Hydrobolt, says: “Since working with the team at Octopus we have seen great changes and significant growth for Hydrobolt. It has been a pleasure further building this business with Jane Vinson and her team, but we look forward to working with LoneStar and AEA, as we take Hydrobolt to the next level of business strategy and growth.”
Jane Vinson, a member of the ventures team at Octopus Investments, says: “We first started working with Jamie and the Hydrobolt team in 2008. The period immediately following our investment was a challenging one for Hydrobolt’s end markets, but we were particularly impressed with the business and the management team at Hydrobolt over this time. The growth experienced over recent years is testimony to the quality of the business model coupled with the hard work of Jamie and his team.”

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