Frac Tech, a Texas company, on Tuesday agreed to sell 70 percent of the company to a unit of Singapore's Temasek and RRJ Capital, a fund run by Richard Ong. Full story
Temasek buying stake in Frach Tech
Reuters, 20 Apr 2011
HOUSTON, April 20 (Reuters) - A leveraged buyout of oilfield services company Frac Tech Services Inc by Singapore's sovereign wealth fund and an Asian private equity fund will likely push back the company's planned initial public offering, analysts said on Wednesday.
Frac Tech, a Texas company, on Tuesday agreed to sell 70 percent of the company to a unit of Singapore's Temasek and RRJ Capital, a fund run by Richard Ong. Full story
Frac Tech, a Texas company, on Tuesday agreed to sell 70 percent of the company to a unit of Singapore's Temasek and RRJ Capital, a fund run by Richard Ong. Full story
