Done Deals

CAPS, Geospatial Holdings, Helix, Ingrain, Energy Ventures, ION, Kelman, Michael Baker, Weatherford...

CAPS has engaged ParaTools to resell its flagship Heterogeneous Multicore Parallel Programming (HMPP) in North America.

Geospatial Holdings has contracted private investment bank Convertible Capital as its exclusive financial advisor and has completed a $1 million fundraising. Company founder and CEO Mark Smith is to convert a $2 million advance to stock under the same terms.

Helix Energy Solutions has commenced an underwritten secondary public offering of 20 million shares of its Cal Dive International unit. The offering includes an option for the underwriters to purchase an additional 3 million shares.

Ingrain has secured a third round of funding totaling $15 million to advance the deployment of its digital rock physics labs. The round was completed by anchor Energy Ventures and KLP, along with new investors TPH Partners. THP chairman Joe Foster, formerly with Newfield, will join the Ingrain board.

ION Geophysical has won a lawsuit filed against operating subsidiaries of battery manufacturer Greatbatch, Inc. ION was awarded $22 million damages.

ITS Group has announced a $55 million equity investment from energy-focused private equity firm Lime Rock Partners.

Kelman Technologies has put back the due date of its CDN$500,000 promissory note owing to Epstein Enterprises, a corporation controlled by Seymour Epstein, Kelman’s Chairman and major shareholder of Kelman, to October 30, 2009. The advance, for general working capital purposes was originally due on September 28.

Michael Baker Corporation has sold its Baker Energy unit to a subsidiary of John Wood Group for a cash consideration of $38 million plus an adjustment based on the net assets as of September 30, 2009.

Quantum Energy Capital has held its final closing at $2.5 billion for Quantum Energy Partners V, a private equity fund dedicated to the energy industry. Quantum has more than $5.7 billion of assets under management. Champlain Advisors, LLC acted as placement agent.

Weatherford International’s application for listing and trading on Euronext has been approved. Weatherford applied for admission to listing and trading on the Professional Segment of Euronext of 758 million shares which will list under the ‘WFT’ ticker.

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