Joel Ramin's 12 West Capital Updates Ari Network Services (ARIS) Stake ~ market folly

Thursday, August 1, 2013

Joel Ramin's 12 West Capital Updates Ari Network Services (ARIS) Stake

Joel Ramin's hedge fund firm 12 West Capital recently filed Forms 3, 4 and an amended 13G with the SEC regarding shares of Ari Network Services (ARIS).  Per the filing, 12 West has disclosed a 11.2% ownership stake in ARIS with 1,451,290.

It appears as though they exercised March 2018 warrants with an exercise price of $1.8 which yielded 300,000 shares of common stock.   The filings were required due to portfolio activity on July 29th.

About 12 West Capital

This is the first time we've covered this hedge fund.  Before founding 12 West, Joel Ramin was previously an analyst at Roberto Mignone's Bridger Capital and before that worked at Blackstone Group.  He founded 12 West in 2011.

About Ari Network Services

Per Google Finance, Ari Network Services "provides technology-enabled services that help dealers, distributors and manufacturers worldwide. The Company delivers its services to sectors, such as outdoor power, power sports, marine, RV and appliance sectors. It develops and offers electronic catalog content for approximately 125 manufacturers. It offers products in three categories: electronic catalogs for publishing, viewing and interacting with technical reference information about equipment; lead management services, designed to help dealers, and Websites with e-commerce capabilities designed to generate sales through the sites and provide information to consumers in the dealers’ local areas."

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