Investment Summary

Ares Private Equity Group Invests In True Oil

On December 9, 2013, private equity firm Ares Private Equity Group invested in oil/gas exploration company True Oil

Investment Highlights
  • This is Ares Private Equity Group’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Ares Private Equity Group’s 44th transaction in the United States.
  • This is Ares Private Equity Group’s 1st transaction in Wyoming.

Investment Summary
Date 2013-12-09
Target True Oil
Sector Oil/Gas Exploration
Investor(s) Ares Private Equity Group
Deal Type Stake Purchase

Target

True Oil

Casper, Wyoming, United States
website
True Oil LLC is a family-owned exploration and production company operating mainly in the Rocky Mountain region with the capability and expertise to explore and operate throughout the United States and other countries.

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Investor(S) 1

Investor

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 49 of 96
Sector (Oil/Gas Exploration) 2 of 4
Type (Stake Purchase) 7 of 7
State (Wyoming) 1 of 1
Country (United States) 44 of 82
Year (2013) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 AZEK

Chicago, Illinois, United States

AZEK is a manufacturer of beautiful, low-maintenance residential and commercial building products, and is committed to accelerating the use of recyclable materials. The company is completely focused on leveraging our expertise in materials science and its customer-centric approach to engineer and manufacture the most beautiful, most sustainable building products to improve the lives and businesses of our customers. AZEK is based in Chicago, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 BlackBrush Oil & Gas

San Antonio, Texas, United States

BlackBrush Oil & Gas LP is an independent oil and gas exploration and development company currently operates approximately 360,000 gross acres throughout South Texas. BlackBrush Oil & Gas was formed in 2004 and is based in San Antonio, Texas.

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