Bain to exit Blackhawk

Bain Capital Private Equity has agreed to sell Blackhawk Specialty Tools LLC, a provider of well construction and well intervention services and products to Frank's International N.V. The value of the transaction is about $321 million. The deal is expected to close in the fourth quarter of this year. Morgan Stanley provided financial advice to Frank’s on the transaction while Simmons & Company International advised Blackhawk.

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