Clearlake and Layton Recap Platinum
March 16, 2011- Share:
Clearlake Capital Group has led a $135 million recapitalization of Platinum Energy Solutions. The transaction was made in partnership with Layton Corporation and company management. PES provides oilfield services and plans to use the proceeds to fund working capital and purchase pressure pumping and coiled tubing equipment. The company was legally advised by Kelley Drye & Warren, while Klee, Tuchin, Bogdanoff & Stern served as Clearlake's legal counsel.
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