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 43rd 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
True Oil 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. True Oil was founded in 1953 and is based in Casper, Wyoming.

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Investor(S) 1

Investor

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B 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 126
Sector: Oil/Gas Exploration M&A 2 of 5
Type: Stake Purchase M&A Deals 7 of 9
State: Wyoming M&A 1 of 1
Country: United States M&A 43 of 93
Year: 2013 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 AZEK

Chicago, Illinois, United States

AZEK is a manufacturer of residential and commercial building products, and is committed to accelerating the use of recyclable materials. AZEK is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Four Seasons Hotels

Toronto, Ontario, Canada

Four Seasons Hotels is an international luxury, five-star hotel management company. Four Seasons works in partnership with local real estate development companies and investors. Four Seasons Hotels was formed in 1960 and is based in Toronto, Ontario.

Buy -