LoneStar acquires Hydrobolt

LoneStarbacked byprivate equity firm AEA Investors, has bought Hydrobolt, a manufacturer and distributor of specialty fasteners, machined components, and flanges & fittings.

The transaction, which has been managed by Rothschild, represents an exit for the Octopus Eclipse Venture Capital Trust fund.

Octopus first invested in Wolverhampton-based Hydrobolt in April 2008, when the venture capital investor backed the management buy-out of Hydrobolt, which predominately services the global oil and gas and power generation markets.