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Private Equity Buyout Track 100

02 March 2010

Octopus is pleased to congratulate two of its portfolio companies on being in this year's Sunday Times Buyout Track 100. The Buyout Track 100 league table measures Britain's fastest growing private equity backed companies by profits over the last two years.

 

Both investments were ranked in the top 50, with Lovefilm.com ranked at 3rd place and Hydrobolt ranked in 37th place.

 

Lovefilm.com is Europe's largest online DVD rental and was originally backed by Octopus in 2003 as an early stage investment. It has subsequently gone on to generate over £8.8m profit in 2008 after completing eleven acquisitions consolidating the sector.

 

Hydrobolt, based in Wolverhampton, makes traceable, high-specification bolts and fasteners for the punishing conditions found in the oil & gas, power generation and defence sectors. Octopus backed the management team in an MBO in 2008 with a £4.5m investment. Since then, the business has grown organically and now has offices in Singapore, Canada, US and Brazil with profits of £3.3m in 2008.



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