The Investcorp Gulf Opportunity Fund – along with other affiliates of Investcorp, a provider and manager of alternative investment products, have agreed to acquire a controlling stake in Hydrasun, an international provider of fluid control equipment and solutions for the global offshore oil and gas sector, from Equistone Partners Europe Limited. The value of the transaction was not disclosed.
Founded in 1976 in Aberdeen, Scotland, Hydrasun has international operational bases in the United Kingdom, Middle East, the Netherlands, Caspian Sea, Brazil, West Africa and the Gulf Coast of the United States. Hydrasun is specifically engaged in the integration, manufacture and testing of hydraulic equipment and fluid connectors for the offshore oil and gas sector.
