- Peter Williamson will join LoneStar as non-executive chairman
- Epiris is an independent private equity manager headquartered in London
- This marks the second investment for Epiris Fund III
Epiris, via its Epiris Fund III, has acquired LoneStar Group, a global manufacturer and supplier of high-performance fasteners, sealing products, precision-engineered components and pipeline packages.
No financial details of the transaction were disclosed.
LoneStar is headquartered in the West Midlands, UK.
This marks the second investment for Fund III following completion of the take-private of Euromoney Institutional Investor in November.
“LoneStar operates in attractive markets, benefiting from growing energy demand in both traditional and renewables,” said Charles Elkington, partner at Epiris. “Most importantly, it is one which we believe we can transform by bringing our trademark focus on strategy, operational excellence and M&A.”
Peter Williamson, chairman of Epiris’ portfolio company Diamorph, will join LoneStar as non-executive chairman.
The Epiris team involved in the LoneStar investment was Elkington, Zoe Lai, Pablo Espinoza, Scott Forbes, and Nikki Lahiri.
Epiris is an independent private equity manager headquartered in London. The firm invests in businesses with an enterprise value of between £75 million and £500 million. It has invested over £5 billion in over 200 deals.
Epiris was advised by Latham & Watkins, Deloitte, Zeus Capital, and LEK.