Investment Summary

Ara Partners Invests In Puraglobe

On August 8, 2018, asset manager Ara Partners invested in oil/gas exploration company Puraglobe

Investment Highlights
  • This is Ara Partners’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Ara Partners’ 2nd transaction in the United States.
  • This is Ara Partners’ 2nd transaction in Florida.

Investment Summary
Date 2018-08-08
Target Puraglobe
Sector Oil/Gas Exploration
Investor(s) Ara Partners
Deal Type Growth Capital
Advisor(s) Riverside Management Group (Financial)

Target

Puraglobe

Tampa, Florida, United States
Puraglobe is a carbon-negative manufacturer of efficiency-inducing industrial lubricants with proprietary technology. Puraglobe was formed in 1995 and is based in Tampa, Florida.

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Investor(S) 1

Investor

Ara Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2017
Size Small
Type Sector Focused
DESCRIPTION

Ara Partners Group is an alternative asset manager focused on control investments in the industrial, chemicals, materials, and energy sectors. The Firm looks to invest in and build companies that will benefit from the transition to sustainable energy. Ara Partners Group was formed in 2017 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 2 of 24
Sector (Oil/Gas Exploration) 2 of 5
Type (Growth Capital) 1 of 7
State (Florida) 2 of 3
Country (United States) 2 of 14
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Transform Materials

Riviera Beach, Florida, United States

Transform Materials has developed a novel, plasma-based carbon-neutral process to produce critical industrial chemicals. Transform Materials is based in Riviera Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Centric Gas Services

Magnolia, Texas, United States

Centric Gas Services is a holding company focused on distributing and selling natural gas to residential, commercial, and industrial customers. Centric currently owns and operates four local gas distribution companies and three gas transmission pipeline companies serving approximately 14,500 customers in high-growth areas of the State of Texas. Centric Gas Services is headquartered in Magnolia, Texas.

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