Maxim Resources Inc (TSX-V: MXM) has agreed to acquire up to 25 percent indirect equity ownership in an oil and gas exploration and production concession covering an onshore area in the United Arab Emirates. The interest will be secured through Maxim's acquisition of up to 50 percent of the shares of Quest Oil & Gas Ventures Inc, a subsidiary of the Dubai-based Quest Investments, which is controlled by the Al Ansari family. As part of the deal, the financial terms of which were not disclosed, Quest will become a shareholder in Maxim, potentially owning more than 20 percent of the company's shares. Maxim has its headquarters in Vancouver.
Grenville Strategic Royalty Corp has agreed to provide US$1.75 million to Interiormark LLC in exchange for a gross sales royalty. The transaction includes an option for Grenville to advance an additional US$1.25 million to the company. Interiormark is a U.S. online furniture retailer with a focus on the home theatre seating market. Grenville, which is based in Toronto, has to date completed about $28.9 million in royalty financings in Canada and the United States.
Private equity firm Centerbridge Partners LP has reached a deal to acquire Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, for $1.35 billion, including debt, sources told Reuters.
Swan Global Investments has raised $23 million in funding from FTV Capital. Based in Durango, Colorado, Swan is an independent advisory firm. In addition to the investment, Richard Garman, a managing partner of FTV Capital, has been added to Swan's board.
U.S.-based property investment fund Aetos Capital Real Estate is preparing to sell Simplex Investment Advisors, a Japanese real estate asset management firm, seeking as much as 200 billion yen ($1.7 billion), sources told Reuters.
Advent International has agreed to buy Brazil-based private higher education company Faculdade da Serra Gaúcha. No financial terms were disclosed for the transaction that is expected to close in the first half of this year.
Baird Capital said Tuesday that its U.K. private equity group has acquired a majority stake in Clearwater Group. Financial terms weren’t announced. Clearwater, of Camberley, Surrey, provides water treatment, hygiene, engineering and pump services to customers across the U.K.
The Carlyle Group said Tuesday it has agreed to buy a majority stake of Conifer Financial Services LLC. Financial terms weren’t announced. Capital for Carlyle’s investment will come from Carlyle Global Financial Services Partners II LP. Conifer is an asset services firm and has more than $100 billion of combined assets under administration. Macquarie Capital and Freeman & Co. served as financial advisors to Conifer. Duff & Phelps Securities LLC advised Carlyle.
Rsam said Tuesday it completed a $32 million strategic growth investment from JMI Equity. Secaucus, New Jersey-based Rsam provides Governance, Risk, and Compliance solutions. Signal Hill acted as financial advisor to Rsam.
American Securities has recapitalized Aspen Dental. Leonard Green & Partners is the seller. Financial terms weren’t announced. Green acquired Aspen Dental in 2010. Aspen provides non-clinical business support services to dental practices in approximately 30 states.