Warburg Pincus-backed Rubicon buys Logan International
Logan International Inc (TSX: LII), a Canadian maker of tools used in global drilling and production activities, has been acquired by an affiliate of Rubicon Oilfield International Holdings LP. Shareholders of Calgary-based Logan received about $1.6 in cash for each common share held. Rubicon, a Houston, Texas manufacturer of oilfield products, is backed by a line-of equity investment of up to US$300 million from Warburg Pincus, a U.S. private equity firm. Logan has been a portfolio company of Cadent Energy Partners since 2006.
24 October 2016•4 mins read
