Keane Group, Inc.’s $56.5 Million Secondary Offering

Cahill represented the underwriter in connection with a secondary offering of 5,251,249 common shares in Keane Group, Inc. (NYSE: FRAC) by Keane Investor Holdings LLC.

Morgan Stanley acted as underwriter on the offering.

The offering resulted in gross proceeds of approximately $56.5 million to Keane Investor Holdings LLC. Keane Group, Inc. did not sell any common stock in, and did not receive any proceeds from, the offering.

Keane Group, Inc. provides integrated well completion services. The Company, led by James C Stewart, Gregory L Powell and Robert W Drummond, offers hydraulic fracturing, coiled tubing, cementing, and engineering services. Keane Group, in 2017 recorded $1.542 Billion Revenues.

Cahill advised Morgan Stanley with a team including William J. Miller (Picture), Daniel Anderson, Kelly A. Mink, Kaitlyn M. Pasco, K. Dillon Reid and Ross Sturman.

Involved fees earner: Daniel Anderson – Cahill Gordon & Reindel; William Miller – Cahill Gordon & Reindel; Kelly Mink – Cahill Gordon & Reindel; Kaitlyn Pasco – Cahill Gordon & Reindel; Dillon Reid – Cahill Gordon & Reindel; Ross Sturman – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Morgan Stanley;

Author: Ambrogio Visconti