KKR Buys Minority Stake In Energy Tech Firm RigNet

Law360, New York (August 20, 2013, 2:03 PM EDT) -- Private equity giant KKR & Co. LP has agreed to buy a 27 percent stake in upstream energy technology firm RigNet Inc. from Norse private equity house Cubera, a deal that could be worth up to $135 million, KKR said Tuesday.

KKR agreed to buy 4.75 million shares from Cubera, an Oslo-based investment firm that focuses on the Nordic private equity market. The deal would make KKR the largest shareholder in RigNet, a Houston-based firm that went public in 2010.

"We are investing in a fast-growing...
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