Sequeira Partners acted as financial advisor to Management of geoLOGIC systems ltd. in their partnership with Private Equity and the buyout of the Company. The transaction closed on October 16, 2015.
Description of Transaction
Sequeira Partners was engaged to assist David Hood, President and CEO of geoLOGIC systems ltd. in sourcing a financial partner for the business. The transaction was completed in partnership between David Hood and BV Investment Partners with Mr. Hood retaining his entire ownership interest in the Company. The Sequeira team assisted Mr. Hood in a targeted process aimed at value added financial partners including preliminary negotiations, pricing and due diligence.
The transaction allowed David Hood to retain his ownership interest in the company and BV Investment Partners to make a major investment in the Company by acquiring the shares of geoLOGIC founders Joe.
geoLOGIC systems ltd. is based in Calgary, Alberta and has been providing high quality, integrated data and software decision support systems to the upstream oil and gas industry in Western Canada and elsewhere for over thirty years. geoLOGIC’s relentless focus on innovation, quality, and service has made geoSCOUT and the geoLOGIC Data Center (gDC) the trusted Western Canadian Basin.
BV Investment Partners is currently investing its eighth private equity fund. The firm is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $2.6 billion in over 80 companies, actively targeting investments in the information and
business services and communications industries.