Welltec International

• Led a minority recapitalization in 2007, buying out an early investor
• Helped develop sophisticated operating and financial reporting systems
• Working with the founder, built out the senior management team with high-caliber talent, including an experienced CFO, COO and Chief Commercial Officer
• Helped complete the acquisition of a Canadian wireline business; continuing to source and advise on additional acquisition opportunities
• Supported management as Welltec launched new services and products offerings that contributed significantly to the company’s revenues
• Assisted in completing a $325 million high-yield bond offering led by Goldman Sachs and Credit Suisse

After an eight-year partnership, Summit’s minority position in Welltec was acquired by Exor S.p.A. and 7 Industries in 2015. Welltec remains a global technology leader in an industry characterized by maturing fields and increasing depletion rates, as oil and gas producers worldwide seek to optimize the management and development of their assets and increase recovery in a safer and more sustainable way.

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_{The Portfolio Company Executive quoted herein did not receive compensation for any statements regarding Summit Partners. However, since Welltec International is a former portfolio company of Summit, this individual did receive general compensation in connection with his employment by the company. In addition, this individual is not an investor in a Summit fund but may have conflicts arising from his past role with Welltec International due to the company’s relationship with Summit.}