Investment Summary

Craton Equity Partners Invests In Propel Fuels

On February 10, 2010, Craton Equity Partners LLC invested in renewable energy company Propel Fuels, Inc. for 12M USD

Investment Highlights
  • This is Craton Equity Partners’ 3rd transaction in the Renewable Energy sector.
  • This is Craton Equity Partners’ 1st largest (disclosed) transaction.
  • This is Craton Equity Partners’ 7th transaction in the United States.
  • This is Craton Equity Partners’ 2nd transaction in California.

Investment Summary

Date 2010-02-10
Target Propel Fuels, Inc.
Sector Renewable Energy
Investor(s) Craton Equity Partners LLC
Deal Type Venture
Deal Value 12M USD

Target

Propel Fuels, Inc.

Redwood City, California, United States
website
Propel builds, owns and operates a network of Clean Fuel Points – green-built, self-serve filling stations providing drivers convenient access to clean, American, low carbon fuels. The company offers drivers and fleets a cleaner fuel choice that reduces carbon emissions, creates jobs and lowers America’s dependency on foreign oil. Propel has also developed CleanDrive™, the nation’s first integrated carbon emission reduction tracking platform.

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Investor(S) 1

Investor

Craton Equity Partners LLC

Beverly Hills, California, United States

website


Category Private Equity Firm
Founded 2005
PE ASSETS 250M USD
SizeMiddle-Market
Type Sector Focused
DESCRIPTION

Craton Equity Partners (CEP) is a specialist investment firm that targets growth companies in certain areas of the clean tech and environmental technology sectors. Specific areas of interest include water remediation, waste conversion, 'green' building materials, renewable sources of energy, distributed energy systems, recycling companies, and alternative fuels such as ethanol and bio-diesel. CEP looks for undercapitalized companies valued less than $50 million. Craton Equity Partners was formed in 2005 and is based in Beverly Hills, California.


DEAL STATS #
Overall 9 of 12
Sector (Renewable Energy) 3 of 4
Type (Venture) 7 of 10
State (California) 2 of 3
Country (United States) 7 of 9
Year (2010) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-08 Petra Systems, Inc.

Boulder, Colorado, United States

Petra Systems, Inc. is a developer of an intelligent, digitally controlled, distributed and scalable products that manage power conversion from a solar module into the grid, batteries, or electric loads.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-16 GreenWave Reality ApS

Hørsholm, Denmark

GreenWave Reality is a innovator in the emerging Home Energy Management market. GreenWave Reality provides an affordable, easy-to-use, standards-based platform that allows utilities enhance their relationship with consumers and better balance energy on the grid while consumers can conserve energy with a minimal impact to their lifestyle by easily monitoring and controlling their appliances and adding intelligent LED lighting. GreenWave Reality is led by a diverse team of proven leaders with global experience.

Buy $11M