M&A Deal Summary

Frank s International Acquires Blackhawk Specialty Tools

On October 7, 2016, Frank s International acquired energy services and equipment company Blackhawk Specialty Tools from Bain Capital Private Equity for 321M USD

Acquisition Highlights
  • This is Frank s International’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Frank s International’s largest (disclosed) transaction.
  • This is Frank s International’s 2nd transaction in the United States.
  • This is Frank s International’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2016-10-07
Target Blackhawk Specialty Tools
Sector Energy Services and Equipment
Buyer(s) Frank s International
Sellers(s) Bain Capital Private Equity
Deal Type Merger
Deal Value 321M USD
Advisor(s) Simmons & Company (Financial)
Ropes & Gray (Legal)

Target

Blackhawk Specialty Tools

Houma, Louisiana, United States
Blackhawk Specialty Tools LLC is a provider of premium automated top drive cement heads and related equipment and services to both deepwater oil and gas drilling applications in the U.S. Gulf of Mexico and land based drilling. Blackhawk designs, manufactures and rents highly-engineered cement heads in various sizes and pressure ratings.

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Buyer(S) 1

Buyer

Frank s International

Den Helder, Netherlands
Category Company
Founded 1938
Sector Oil/Gas Exploration
Employees2,400
Revenue 390M EUR (2020)
DESCRIPTION

Frank's International is a oil services company that provides a broad and comprehensive range of highly engineered tubular services to many exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Frank's International was founded in 1938 and is based in Den Helder, the Netherlands.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Merger) 1 of 1
State (Louisiana) 2 of 2
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-12 Timco Services

Lafayette, Louisiana, United States

Timco Services, Inc. is a provider of tubular running services and rental equipment onshore and offshore envionments.

Buy -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 89 of 143
Sector (Energy Services and Equipment) 2 of 2
Type (Merger) 5 of 11
State (Louisiana) 1 of 1
Country (United States) 55 of 85
Year (2016) 13 of 15
Size (of disclosed) 37 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 Nets

Ballerup, Denmark

Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Blue Nile

Seattle, Washington, United States

Blue Nile is an online retailer of diamonds and fine jewelry. Blue Nile offers a customer experience that includes education, guidance, selection, customization capability, convenience and value. Blue Nile, Inc. was formed in 1999 and is headquartered in Seattle, Washington.

Buy $500M
Mergr

Product

Company

Legal