We acted as the exclusive financial advisor to MicroSeismic Inc. (MSI) in a complete majority recapitalization with equity investors TA Associates and Madrone Capital Partners.
Founded in 2013, MSI is a geophysical service company providing real-time monitoring and mapping of hydraulic fracture operations for the development of unconventional oil and gas plays. MSI is the pioneer in monitoring microseismic activity utilizing surface and near-surface arrays. These arrays eliminate the expense of offset monitoring wells, allow multiwell to field-scale evaluations from a single installation, and provide the most comprehensive microseismic-based visualization and interpretation opportunity in the market.
TA Associates is a large, global growth private equity firm focused on five target industries – technology, healthcare, financial services, consumer, and business services. The firm’s investment professionals are based in Boston, Menlo Park, CA, London, Mumbai, and Hong Kong. Madrone Capital Partners is a private equity firm based in Menlo Park.
Note: This work was performed prior to joining Stout.