Octopus Investments has acquired Hydrobolt Group Ltd and its sister company Studbolt in a £16m buyout. Octopus provided management with £4.5m to buy out the founder and majority shareholder. The group manufacturers and distributes high integrity fasteners for the oil and gas and power generation markets.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
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