RELEASE: CF Pathways accelerates growth with capital investment from Ara Partners

LONDON, Nov.

RELEASE: CF Pathways accelerates growth with capital investment from Ara Partners

LONDON, Nov. 9, 2022 /PRNewswire/ -- CF Pathways today announces a strategic equity investment from Ara Partners ("Ara"), a private equity and infrastructure firm specializing in industrial decarbonisation investments.

CF Pathways provides net zero solutions and sustainable energy supply to over 5,000 large customers across Europe and the UK as they navigate the energy transition. Comprised of CF Partners and Brook Green Supply, the company achieved revenue of £3bn in 2021. Demand for CF Pathways' services is accelerating as a result of the urgent need for companies to manage and mitigate their exposure to energy prices in a dynamic and volatile market.

Ara's investment will further enable CF Pathways' strategic investment priorities, including developing innovative software and data capabilities that will accelerate the growth and value of its energy transition product offering. Together CF Pathways and Ara will combine their expertise to enable a faster and more efficient energy transition. For CF Pathways, this marks the first in a series of anticipated growth-oriented partnerships.

Since its creation in 2006, CF Partners has been a leader in the environmental and emissions markets. The company designs, executes and delivers comprehensive risk management solutions across a broad range of energy and sustainability markets for large, energy-intensive clients.

Through Brook Green Supply, the company provides power and gas to large industrial and commercial customers. Its capabilities include renewable energy purchase agreement management, demand-side response, asset optimization and specific services for electric vehicle charging networks.

Jonathan Navon and Thomas Rassmuson, co-founders of CF Pathways, commented: "We are excited to work with Ara to scale our business and help energy-intensive companies around the world transition to a low-carbon economy. The team de Ara brings with him "a deep understanding of decarbonization challenges in global industrial sectors. By working with Ara's portfolio companies, we have a unique opportunity to deliver tangible market-based solutions to industrial energy users and accelerate the energy transition."

Christopher Picotte, Partner in Ara's Dublin office, explained: "As a dedicated innovation leader in developing and delivering market-based low-carbon and zero-emission solutions, CF Pathways was ideally aligned with the investment strategy We see huge potential for CF Pathways to add complementary value to our own portfolio of companies and for Ara to enable CF Pathways to enhance its capabilities, including the ability to offer asset and investment driven solutions. Jonathan, Thomas and the entire organization to support the growth of CF Pathways."

CF Pathways was advised by Alexa Capital.

About CF Pathways

CF Pathways is an award-winning risk management and solutions provider in the energy and environment markets. Founded in 2006, the company employs more than 170 people in offices across Europe and the UK. Since its inception, the company has traded more than 2.5 billion carbon credits in both the compliance and voluntary markets, provides risk management solutions in the oil, gas and power markets, and currently has a contract book of approximately 13 TWh of energy supply. It has seen material growth across businesses and forecasts double-digit growth for the foreseeable future. For more information, visit www.cf-pathways.com.

About Ara Partners

Ara Partners is an infrastructure and private equity firm focused on industrial decarbonization investments. Ara Partners invests in the industrial and manufacturing, chemicals and materials, energy efficiency, green fuels, and food and agriculture sectors, seeking to create companies with a significant impact on decarbonization. It operates from offices in Houston, Boston and Dublin, Ireland. Ara Partners closed its second fund with approximately $1.1 billion in capital commitments in September 2021. For more information about Ara Partners, visit www.arapartners.com.

contacts

Para CF Pathways:

Jonathan NavonSocio 44 (0) 207 348 3506j.navon@cf-partners.com

For Ara Partners:

Mark Semer / Alex JeffreyGasthalter

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