A Travers Smith team headed by Paul Dolman has advised Equistone Partners Europe Limited ("Equistone") and other selling shareholders on the sale of Hydrasun Holdings Limited ("Hydrasun") to Investcorp for an undisclosed sum. Completion of the transaction remains subject to competition clearances.

Equistone is an independent investment firm owned and managed by the former executives of Barclays Private Equity. With operations in France, Germany, Switzerland and the UK, Equistone invests in strategic businesses as a partner alongside management teams.

Established in 1976, Hydrasun is a leading specialist provider of integrated fluid transfer, power and control solutions to the global offshore oil and gas industry.  The business offers a diversified range of products, complemented by innovative manufacturing and technical support services to customers in over 50 countries worldwide.

The Travers Smith team also included lead corporate associate Matthew Kichenside, tax partner Kathleen Russ and tax associate Jessica Kemp.

Investcorp was represented by Gibson Dunn & Crutcher LLP, whose deal team was led by corporate partner Nick Tomlinson.

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