GP’s San Antonio Heard Plotting IPO

GP’s San Antonio Heard Plotting IPO

Equity

San Antonio Oil & Gas, the pan-regional drill servicing company formerly known as Pride International, is heard to be preparing an IPO, say people familiar with the sponsors’ plans. Executives at GP Investments, the company’s lead private equity sponsor, have apparently suggested to investors that the plan for San Antonio is to take it public and use part of IPO proceeds to pay down debt it took out to acquire the company. The equity listing is expected to happen in Brazil. GP led a consortium t

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