FBR Capital Markets & Co. Acts as Lead-Left Placement Agent to Eco-Stim Energy Solutions in its $28 Million Private Placement...
August 09 2017 - 9:00AM
FBR Capital Markets & Co. (“FBR”), a leading full service
investment bank and wholly owned subsidiary of B. Riley Financial,
Inc. (NASDAQ:RILY), acted as the lead-left placement agent to
Eco-Stim Energy Solutions (NASDAQ:ESES) in ESES’s private placement
of its common stock.
ESES issued 19,580,420 shares of its common stock for $1.43 per
share, which was the closing market price on August 1, 2017,
resulting in gross proceeds of $28 million. The transaction closed
on August 8, 2017.
About Eco-Stim Energy Solutions, Inc. Eco-Stim
is an environmentally focused oilfield service and technology
company providing well stimulation and completion services and
field management technologies to oil and gas producers. EcoStim's
methodology and technology offers the potential in high cost
regions to decrease the number of stages stimulated in shale plays
through a process that predicts high probability production zones
while confirming those production zones using the latest generation
down-hole diagnostic tools. In addition, EcoStim offers its clients
completion techniques that can dramatically reduce horsepower
requirements, emissions and surface footprint. EcoStim seeks to
deliver well completion services with better technology, better
ecology and significantly improved economics for unconventional oil
and gas producers worldwide.
About FBR Capital Markets & Co.FBR
Capital Markets & Co., LLC provides investment banking,
M&A advisory, institutional brokerage and research services
with focused capital and financial expertise in consumer, energy
and natural resources, financial institutions, healthcare,
insurance, industrials, real estate, technology, media and telecom
industries.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals. The Company
operates through several wholly-owned subsidiaries,
including B. Riley & Co., LLC, FBR Capital
Markets & Co., Wunderlich Securities, Inc., Great
American Group, LLC, B. Riley Capital Management,
LLC (which includes B. Riley Asset Management, B.
Riley Wealth Management, and Great American Capital Partners,
LLC) and B. Riley Principal Investments, a group that makes
proprietary investments in other businesses, such as the
acquisition of United Online, Inc.
Media Contact
press@brileyfin.com
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