TOP NEWS

Clearlake Capital Group Recaps Knight Energy Holdings

Santa Monica-based private equity investor Clearlake Capital announced this morning that it has led a recapitaliation of Knight Energy Holdings, a provider of oilfield rental tool services for the oil and natural gas industry. Financial details of the recapitalization were not announced. Knight Energy Holdings was in Chapter 11 bankruptcy. Clearlake and Knight said the recap resulted in the reduction of more than $175 million in the Company’s total debt balance.