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UK - Barclays Ventures reaps 8x returns from Bifold Fluid exit

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Barclays Ventures has reaped returns of 8x and an IRR in excess of 60% on its investment in Bifold Fluid Power. The hydraulic pump valve manufacturer has been sold to Bank of Scotland Integrated Finance in a ТЃ35m secondary buyout.

Barclays Ventures backed the MBO of Bifold in December 2002. Since then the business has grown from a turnover of £5m to £15m both organically and through acquisition. Bifold is a design led manufacturer of high quality, high specification directional control valves and hydraulic pumps for the oil and gas market.
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