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Avista Capital Partners Invests $100 Million in Geokinetics Inc.

Publication: PR Newswire
Publication Date: 18-SEP-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HOUSTON, Sept. 18 /PRNewswire/ -- Avista Capital Partners, a leading private equity firm, today announced it has invested $100 million in Geokinetics Inc. to partially finance Geokinetics' previously announced $125 million acquisition of Grant Geophysical, Inc. Based in Houston, Texas, Geokinetics is a leading provider of seismic acquisition and data processing services to oil and gas companies onshore in the U.S. and in Canada. The investment was made in the form of a $50 million senior bridge note,...

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