KKR Acquires Minority Stake In RigNet - Quick Facts

(RTTNews) - Kohlberg Kravis Roberts & Co. L.P. (KKR), a global investment firm, announced the signing of a definitive agreement under which funds advised or controlled by it are acquiring a significant minority stake in RigNet Inc. (RNET) from Cubera, an investment firm specializing in the Nordic private equity market. Upon closing of the acquisition of 4.75 million shares, KKR will become RigNet's largest shareholder, holding a 27% stake in the company.

RigNet is a provider of managed remote communications solutions, systems integration and collaborative applications to the global upstream energy sector.