Simpson Thacher Represents KKR in its Announced Acquisition of a Stake in RigNet
08.20.13
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The Firm is representing funds advised or controlled by Kohlberg Kravis Roberts & Co. L.P. ("KKR") in connection with its announced acquisition of a significant minority stake in RigNet, Inc. (NASDAQ: RNET) from Cubera. Upon closing of the acquisition of 4.75 million shares, KKR will become RigNet's largest shareholder, holding a 27% stake in the company. The transaction is subject to customary regulatory approvals.
RigNet is a leading provider of managed remote communications solutions, systems integration and collaborative applications to the global upstream energy sector. Cubera is an investment firm specializing in the Nordic private equity market.
The Simpson Thacher team includes Gary Horowitz, Greg Conway, Matt Rogers and Erik Wang (M&A); Michael Naughton and Ellen Frye (Antitrust); and Steve Todrys and Seojung Park (Tax).