Blackstone backs Clarion Offshore Partners formation

The Blackstone Group said Thursday it has committed an undisclosed amount to the formation of Clarion Offshore Partners LLC. The former executive management team at Pride International -- including Louis Raspino, Greg Looser, Kevin Robert, and Ron Toufeeq – are leading Clarion, a Houston-based provider of financial, strategic and operational solutions to the challenged offshore drilling and services industry.

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