Hydramatic Engineering was founded in 1972 to design and manufacture high quality roof bolting machines, drilling rigs and associated equipment for use in the underground coal mining industry. This highly specialised mining equipment is used to install roof and rib bolts and support the overlying strata of underground mines and tunnels. SPEL’s investment comprised an equity investment of $4,000,000, shareholder loans and ancillary costs of $2,500,000.
| Year of Investment: | 2005 |
| Year of Disposal: | 2007 |
| Amount Invested: | $6.5M |
| Amount Realised: | $13.3M |
| Investment Timeframe*: | 20.5 months |
| Gross IRR Achieved: | 58.2% |
| Return Multiple: | 2.03x |
* All investment timeframes have been quoted from the initial investment date
