KKR to Buy Minority of RigNet: CORRECTED

KKR has agreed to acquire a minority stake in RigNet from Cubera. KKR, once its closes its buy of 4.75 million shares, will become RigNet’s largest shareholder, holding a 27% stake in the company. Houston-based Rignet provides managed remote communications solutions, systems integration and collaborative applications to the global upstream energy sector.

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