ASX-Dividend-Report-Banner

PARATUS LAUNCHES RENEWABLE POWER PRICE INSURANCE FOLLOWING GROWTH EQUITY INVESTMENT FROM ARA PARTNERS

January 17, 2024 08:00 PM AEDT | By Cision
 PARATUS LAUNCHES RENEWABLE POWER PRICE INSURANCE FOLLOWING GROWTH EQUITY INVESTMENT FROM ARA PARTNERS
Image source: Kalkine Media

Paratus Commercialised World's First Energy & Freight Insurance Policies

Innovative Insurance Solution Helps Companies Manage Price Risk Exposure
as Energy Transition Accelerates

Expansion Enabled by Growth Equity Investment from Ara Partners

ST. PETER PORT, Guernsey and DUBLIN, Jan. 17, 2024 /PRNewswire/ -- Paratus Holdings Limited ("Paratus") today announces the expansion of commercial operations and the introduction of its highly innovative renewable power price-risk insurance solution. The announcement follows the completion of a growth equity investment from Ara Partners ("Ara"), a global private equity and infrastructure firm that specializes in industrial decarbonisation investments.

Since its founding in 2020, Paratus commercialised the world's first energy and freight insurance policies and is now launching a proprietary insurance policy that protects producers and consumers of renewable power and transition fuels from energy price risks. Compared to currently available risk management solutions, the Paratus product produces superior outcomes and provides additional flexibility for customer strategies across a large and growing addressable global market.  

"While the energy transition presents significant opportunities, complex risk management challenges remain for producers and consumers of renewable energy and transition fuels," said Gus Majed, Group CEO & Founder of Paratus. "Paratus began with a simple belief that there must be a better way for industry to protect against energy price volatility. Our proprietary insurance-based risk management product materially improves returns compared to traditional alternatives. With Ara's investment, partnership, and network, we will be able to significantly scale the Paratus offering, creating enhanced value opportunities for our customers and realising our significant potential."

Christopher Picotte, Partner at Ara Partners, commented, "Renewable electricity and green fuels are evolving from niche products reliant on subsidies to dominant, supply/demand-driven products across global energy markets. Paratus has pioneered an innovative market-based solution that will give energy producers and consumers an economical and flexible way to manage risk exposure and advance their commercial strategies. Through our partnership, Paratus will be able to scale quickly while playing a critical role driving the universal adoption of low/zero-carbon energy. We are delighted to partner with Gus and the management team and to support the growth of the company."

The investment builds on Ara Partners' history of investing in businesses and services that meaningfully advance the decarbonisation of the industrial economy.

About Paratus
Paratus offers the world's first renewable power, transition fuels and freight price-risk insurance policies to protect producers and consumers from excessive balance-sheet exposure. Paratus' transparently priced policies eliminate the need for costly in-house trading capabilities, and the use of complex hedging products.

Guernsey domiciled and regulated by the Guernsey Financial Services Commission to underwrite general business.  Paratus Maritime Insurance Limited transfers risk to particular Underwriters at Lloyd's (rated "A+" by Standard & Poor's and "AA-" by Fitch Ratings), to enhance financial security for clients worldwide.

For more information about Paratus please visit: https://www.paratusltd.com/

About Ara Partners
Ara Partners is a global private equity and infrastructure investment firm focused on industrial decarbonization. Founded in 2017, Ara Partners seeks to build and scale companies with significant decarbonization impact across the industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture sectors. The company operates from offices in Houston, Boston, Washington, D.C., and Dublin. Ara Partners closed its third private equity fund in December 2023 with over $2.8 billion in capital commitments. As of September 30, 2023, Ara Partners had approximately $5.6 billion of assets under management. For more information about Ara Partners, please visit www.arapartners.com.

Contacts

For Paratus:

Kapil Arya
Lansons
[email protected]
07550044000

For Ara Partners:

Scott Bisang / Jack Kelleher
Collected Strategies
[email protected] 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.