Canamax Energy completes PE-led going-private transaction

Canamax Energy Ltd (TSX-V: CAC), a portfolio company of Canadian private equity firm 32 Degrees Capital, recently completed a going-private transaction. Consistent with the terms of the previously announced deal, an investor group led by U.S. private equity firm Edge Natural Resource acquired certain issued and outstanding common shares of Canamax for about $82 million. 32 Degrees, which became a shareholder in Canamax following the latter's acquisition of Powder Mountain Energy Ltd last June, will remain invested in the company. Calgary-based Canamax is a junior oil and gas producer focused on making acquisitions of high-quality, distressed assets.

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