Torch Offshore Inc. –

Gretna, La.

Went public 06/07/01 at $16 per share

Filing Range: 5.0 million shares at $14 to $16

Offering Size: $80.0 million

Post Offering Valuation: $213.3 million

Shares Outstanding: 13.3 million shares

Underwriters: UBS Warburg/CIBC World Markets/Howard Weil Labouisse Freid

Company Counsel: Baker Botts LLP

Manager Counsel: Vinson & Elkins LLP

Auditor: Arthur Andersen LLP

The Company:

Provides pipe laying and subsea construction services to the oil and gas industry.

Venture Backers:

Riverside Management Group

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 01/26/2001 1 ExpansionN/A


(Data in $ millions except EPS)



Total Revenues: $46.2

Net Income: (1.6)

EPS: (0.82)