Octopus Buys Hydrobolt

Octopus Private Equity has sponsored a Gbp16 million management buyout of Hydrobolt Group Ltd. and its sister company Studbolt, which are UK-based makers of fasteners for the oil & gas and power generation markets.

PRESS RELEASE

Octopus announced the Gbp16 million management buyout of Hydrobolt Group Limited (www.hydrobolt.co.uk), and its sister company Studbolt (www.studbolt.co.uk) on 2 April 2008. Based in Wolverhampton, the Group is one of the UK's leading manufacturers and distributors of high integrity fasteners for the oil & gas and power generation markets. Octopus is supporting the management team with a