News Releases

Baker Botts Represents Cactus, Inc. and Certain Selling Stockholders in $308 Million Public Secondary Offering of Class A Common Stock


Deal Description: On March 21, 2019, Cactus, Inc. (NYSE: WHD) (“Cactus”) completed an underwritten public secondary offering (the “Offering”) of 8,500,000 shares of its Class A common stock by certain selling stockholders for total gross proceeds of $308.1 million. Cactus will not receive any of the proceeds from the Offering. Citigroup and Credit Suisse (the “Underwriters”) acted as joint book-running managers for the Offering.

Baker Botts represented Cactus and certain selling stockholders in the transaction.

Client: Cactus and certain of the selling stockholders

Outside Counsel to the Underwriters: Vinson & Elkins L.L.P.

Value: $308.1 million

Baker Botts Lawyers/Offices Involved:  

Corporate: Michael Rosenwasser (Partner; New York), Adorys Velazquez (Partner; New York), John Johnston (Special Counsel; New York), Ieuan List (Associate; Houston), Jonathan Kovacs (Associate; New York)

Tax: Don Lonczak (Partner; Washington D.C.), Michael Bresson (Partner; Houston)


About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 179-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit


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