Maxum Petroleum Raises $300 Million

Maxum Petroleum Holdings Inc., an Old Greenwich, Conn.-based energy logistics company, has secured a $300 million private equity commitment from Metalmark Capital and Waud Capital Partners. The company had been formed in October 2003 as an acquisition platform sponsored by Waud, Northwest Capital Appreciation and RBC Capital Partners. Northwest and RBC will retain an equity interest. No word yet if this deal will result in Maxum withdrawing its IPO registration. The company’s most recent filing indicated plans to sell 16.7 million shares at between $14 and $16 per share, with Credit Suisse, Bear Stearns and UBS serving as co-lead underwriters.

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