As the oil and gas industry continues to face significant challenges,private-equity professionals have their hands full.Valuations that were once reliable are now fraught with new complexities due the extreme volatility in commodity prices.Lawyers from Winston & Strawn LLP recently spoke to Hart Energy about the challenges for private equity in the oil sector and their path to recovery.Private-equity partners need to effectively work with their portfolio companies to ensure survival and plan for future success,according to Mike Blankenship,corporate partner at Winston & Strawn.
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