Investors

Ara Partners expands team in Europe; opens offices in Dublin

Ara Partners

Ara Partners, a private equity firm specialized in decarbonization industrial investment, announced today it has expanded its team in Europe. The company hired five key investment professionals and opened up new offices in Dublin, Ireland. Ara invests in the industrial and manufacturing sector; also in chemicals & materials, energy efficiency, and green fuels. It has its headquarters in Houston, Texas.

Firstly, Ara’s expansion in Europe includes the addition of Christopher Picotte as a Partner; Luis Pais Correia as a Senior Operating Partner; also, Lisa O’Brien as General Counsel-Europe, Myles O’Shaughnessy as a Principal and Chris Seenan as a Vice President.

The team will truly leverage decades of experience in the energy industry. Mr. Picotte, on the one hand, co-founded Aksiom Group, also in 2017. Since 2013, he has also been the Chairman and a shareholder of px Group Ltd. It is a leading provider of O&M and technical services for midstream, power generation, and also industrial infrastructure assets in the U.K. and Northwestern Europe.

Moreover, he serves as the Chairman of AXESS Networks Solutions SL. He’s also a board member of Anesco Holdings Ltd and of Jernbro Industrial Services AB. He served as a Managing Director and Senior Advisor at ArcLight Capital Partners from 2001-2014, where he led their European investment activity.

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Ara Partners entering an important and growing market in Europe

On the other hand, Luis Pais Correia co-founded Aksiom Group in 2017. He is also a member of the board of Värmevärden, a leading Swedish district heating company owned by institutional investors. Furthermore, he has been a senior manager in the energy industry for over 25 years.

About the consolidation of the team, Charles Cherington, a Managing Partner at Ara said. “We are thrilled to welcome Chris, Luis, and the rest of the Europe-based team to the Ara organization. We believe this world-class team of professionals and their combined expertise will further Ara’s growing presence in the European private equity market.”

Finally, about the relevance of the Dublin offices for Ara, Troy Thacker, a Managing Partner, said. “Europe is clearly at the forefront of the global decarbonization movement. Our Dublin office provides us with a meaningful foothold in this important market and will be supported by a strong team of professionals with decades of experience investing in the industrial sector in Europe and with established networks across the industry.”

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