It is a great time to be investing in the oilfield and I am excited to be joining the Arle partnership and to have the opportunity to work again with the Energy & Natural Resources team who have an impressive track record in the sector
London (PRWEB UK) 29 August 2012
Arle Capital Partners today announced that Dr. Peter Goode will be joining its senior team as a Partner with effect from 1st October. Dr. Goode was most recently Managing Director and CEO of the Transfield Services Group. He brings with him over 30 years’ experience in the energy and natural resources sector.
Over the course of his career Dr. Goode has successfully built a strong track record in a broad range of international companies in energy and oilfield services including Schlumberger, Santos, and Sohio Petroleum.
He also has a long track record of partnering with the investment team at Arle over the past eight years, where his expertise has contributed to impressive returns for investors. These include his role as CEO of Vetco International and Executive Chairman of Aibel (realised via respective sales to GE and Ferd in 2007), and Chairman roles at Global Oilfield Services (successfully sold in 2011 to Halliburton) and Capital Safety Group, which was sold to KKR in 2012. Peter was also closely involved with the buy-out of Expro International where he is currently a non-executive director.
Dr. Peter Goode said: "It is a great time to be investing in the oilfield and I am excited to be joining the Arle partnership and to have the opportunity to work again with the Energy & Natural Resources team who have an impressive track record in the sector."
Commenting on the appointment, John Arney, Managing Partner of Arle said:
"We have enjoyed a very fruitful partnership with Peter over the last eight years and we are looking forward to many more years of successfully investing together in the Energy & Natural Resources sector. Peter has the rare combination of a deep technical understanding of the oil and gas sector, with many years of global operating and leadership experience of sizeable public and private equity-owned energy related businesses.
“To date we have worked together on five energy buy-outs, four of which have been successfully exited and we have exciting plans for Peter to play an active role in several new energy related buy-outs. In addition Peter’s appointment will complete the composition of Arle’s Operating Review Board through which he will also make a tremendous contribution."
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For further information please contact:
Arle Capital Partners
John Arney/Julie Foster: +44 (0) 20 7895 2754
Christian Mahne/Lindsay Vetch: +44 (0) 20 3488 3100
Notes to editors:
Dr. Peter Goode previously served as:
· CEO at Vetco; 9/2004 - 2/2007
· Former Chairman and NED at Expro; 7/2008 - present
· Executive Chairman at Aibel: 02/2007 - 04/2008
· Chairman of Global Oilfield Service 10/2008 - 11/2011
· Chairman of Capital Safety Group 08/2007 until 04/2009
Arle Capital Partners
Arle Capital Partners Limited is an international private equity partnership with a distinct investment strategy focusing on Energy & Natural Resources, Services and Industrials but more specifically in the area where those sectors intersect. In the future, Arle will invest in companies located in the North Sea Rim whose activities operate within this sector overlap and whose characteristics demonstrate clear potential for expansion into the fast growing BRIC countries.
Arle brings together an accomplished team of 38, including investment professionals and proven international business leaders from 15 different nationalities, who manage a diverse portfolio valued at over €2 billion for a global investor base. Since taking on the portfolio, Arle has returned €730 million to investors, realising three investments: Ontex, Equity Trust and Capital Safety Group.
Arle’s approach is based on active ownership in close partnership with management in order to drive long term uplifts in growth and value and in turn to generate strong returns for Arle’s investors. For more information, please see http://www.arle.com
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