Investment Summary

Crystal Capital and Crown Capital Partners Invest In Petrowest

On June 16, 2011, Crystal Capital and lender Crown Capital Partners invested in energy services and equipment company Petrowest

Investment Highlights
  • This is Crystal Capital’s 1st and Crown Capital Partners’ 4th transaction in the Energy Services and Equipment sector.
  • This is Crystal Capital’s 2nd and Crown Capital Partners’ 20th transaction in Canada.
  • This is Crystal Capital’s 1st and Crown Capital Partners’ 5th transaction in Alberta.

Investment Summary

Date 2011-06-16
Target Petrowest
Sector Energy Services and Equipment
Investor(s) Crystal Capital
Crown Capital Partners
Deal Type PIPE

Target

Petrowest

Calgary, Alberta, Canada
Petrowest Corporation (Formerly Petrowest Energy Services Trust) is a diversified energy industry service provider, supporting exploration and drilling activity in Western Canada. The company was founded in 2006 and is headquartered in Calgary, Canada.

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Investor(S) 2

Investor

Crystal Capital

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crystal Capital is an affiliate of Crystal Financial Corporation, Crystal Capital is a private investment firm that provides debt and equity capital to middle-market companies. Crystal Capital does not have an industry preference in evaluating opportunities, but looks to provide a minimum of $1 million in equity (co-investment) or $10 million in junior capital per transaction. Target companies typically generate sales of at least $150 million and EBITDA of $15 million. Crystal Capital was formed in 2006 and is based in Boston, Massachusetts with additional offices in Los Angeles, California; Stamford, Connecticut; and Chicago, Illinois.


DEAL STATS #
Overall 19 of 32
Sector: Energy Services and Equipment M&A 1 of 1
Type: PIPE M&A Deals 2 of 2
State: Alberta M&A 1 of 1
Country: Canada M&A 2 of 4
Year: 2011 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-25 C3

Plantation, Florida, United States

C3 is a contact center provider for corporations who view outsourcing objectives as a strong component of their growth and brand development strategies. C3 builds solid partnerships with its clients based on mutually determined business objectives. C3 was founded in 2004 and is based in Plantation, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-22 CRS Reprocessing Services

Louisville, Kentucky, United States

CRS Reprocessing Services is a provider of fluid reprocessing management, offering people, technology and services to efficiently handle industrial fluids for a variety of industries. CRS Reprocessing Services was founded in 1981 and is based in Louisville, Kentucky.

Buy -
Investor

Crown Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Lender
Founded 2000
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crown Capital Partners, Inc. is a Canadian investment manager that provides alternative debt financing for private equity backed and non-sponsored middle market transactions. The Firm typically invests $5 to $25 million in the form of subordinated debt and bridge loans to support acquisitions, management buy-outs, growth financings and recapitalizations. Crown Capital Partners was founded in 2000 and is based in Toronto with an additional office in Calgary.


DEAL STATS #
Overall 24 of 44
Sector: Energy Services and Equipment M&A 4 of 7
Type: PIPE M&A Deals 1 of 1
State: Alberta M&A 5 of 11
Country: Canada M&A 20 of 39
Year: 2011 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 WellPoint Systems

Denver, Colorado, United States

WellPoint Systems is the industry leading supplier of solutions for managing accounting, land, production, marketing and venture management challenges for Oil and Gas companies. WellPoint oil-gas upstream solutions enable our clients operate their businesses more effectively while maximizing profit opportunities. on May 2, 2011 – P2 Energy Solutions has completed the asset acquisition of Canada-based WellPoint Systems Inc., form Bankruptcy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 Elephant & Castle

Vancouver, British Columbia, Canada

Elephant & Castle is a Vancouver, Canada- based owner, operator, and franchisor of full-service British pub themed restaurants throughout the U.S. and Canada.

Sell -