12 West Capital Discloses Ari Network Services Stake

Joel Ramin's hedge fund firm 12 West Capital has filed a 13G with the SEC regarding shares of Ari Network Services (ARIS).  Per the filing, 12 West now owns 5.9% of the company with 1,020,010 shares.

This is a newly disclosed equity stake for the firm and the filing was made due to activity on July 1st.

Per Google Finance, Ari Network Services is "creates software-as-a-service (SaaS) and data-as-a-service (DaaS) solutions that help equipment manufacturers, distributors and dealers in selected vertical markets Sell More Stuff!- online and in-store. The Company’s solutions include Web Platform Solutions, eCatalog Platform Solutions and Lead Management Product. The Company’s SaaS and DaaS solutions include eCommerce-enabled websites, which provide a Web presence for dealers and serve as a platform for driving leads and eCommerce sales; eCatalogs, which drive sales of inventory and PG&A both online and within the dealership; and lead management software designed to increase sales for dealers through management and closure of leads."

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."