Centre Exits Gray Wireline
December 20, 2010- Share:
Centre Partners Management has sold Gray Wireline to Seawell (OSE: SEAW) for $157.5 million. The sell-side was advised by Raymond James, Sheridan Capital and Dechert on the transaction. Gray Wireline provides cased-hole wireline services to the domestic natural gas and oil exploration and production industry. Centre acquired about a 60% stake in the company for $24 million in 2006.
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