Lime Rock Announces Final Exit of Investment in Tesco4/22/2015
Houston, April 22, 2015 – Lime Rock Partners, a global energy-focused private equity firm, today announces the successful full realization of its investment in Tesco Corporation (Nasdaq: TESO).
Tesco, a publicly traded, Houston-based global oilfield service company, focuses on the development and commercialization of drilling technology and services. Tesco seeks to change the way companies drill wells by delivering safer and more efficient solutions that add real value by reducing the costs of drilling for and producing oil and gas. Lime Rock Partners made its initial investment in Tesco in 2009.
Established in 1998, Lime Rock Management has raised $5.5 billion in private equity funds for investment in the energy industry through Lime Rock Partners, investors of growth capital in E&P and oilfield services companies worldwide, and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States. Lime Rock Partners is a creative investment partner in building differentiated oil and gas businesses, side by side, with entrepreneurs every day. From three locations worldwide, the Lime Rock Partners team brings together specialist finance and operating expertise, global presence, technology leadership, people-centered strategies, and patient hard work with the goal of helping its investors and portfolio company partners profit from operational growth. For more information, please visit www.lrpartners.com.Back to News