Stephen Arata became CEO of Caiman Energy II, LLC and Blue Racer Midstream, LLC effective April 1, 2015. Mr. Arata joined Caiman II's predecessor, Caiman Energy, LLC, as CFO in October 2010. In 2011, Mr. Arata led the effort to raise $500 million of debt and preferred equity to fund Caiman Energy's growth plan. In early 2012, Mr. Arata was a key part of the team that sold Caiman Eastern to Williams Partners (NYSE: WPZ) for $2.5 billion.
Mr. Arata co-founded Caiman Energy II, LLC in mid-2012 and was a lead negotiator in the formation of Blue Racer Midstream, LLC in late 2012. Caiman Energy II is a 50% owner of Blue Racer, a joint venture with Dominion Resources (NYSE: D) which is one of the largest midstream companies serving the Utica and Marcellus shales. Caiman Energy II operates Blue Racer for the joint owners. Mr. Arata also led the efforts to secure a $1 billion credit facility and to raise $550 million of unsecured debt for Blue Racer. Mr. Arata is also a board member of both Caiman Energy II, LLC and Blue Racer Midstream, LLC.
Mr. Arata has extensive mergers and acquisitions experience. Regency Energy Partners (NYSE: RGP) completed 11 mergers, acquisitions and divestitures worth more than $3.6 billion during Mr. Arata’s five years with the company. Mr. Arata’s financing experience includes more than $2 billion of debt financing in both the bank and bond markets, as well as more than $2 billion of equity capital markets transactions in both the private and public markets.
While at Regency, Mr. Arata was responsible for a wide range of activities, including mergers and acquisitions, financial reporting, investor relations and communications, accounting, treasury, SOX compliance, internal audit, tax, information technology and human resources.
Earlier in his career, Mr. Arata worked for UBS Investment Bank for nine years in both Dallas, Texas, and in London, England, covering the power and pipeline sectors. At UBS, Mr. Arata advised on more than $40 billion of completed mergers and acquisitions as well as on numerous financings.
Prior to UBS, Mr. Arata spent four years as a consultant at Deloitte Consulting, performing strategic consulting assignments for energy clients.
Mr. Arata received a Bachelor of Arts degree in English and a Bachelor of Business Administration in general business from Southern Methodist University. He also holds a Master of Management degree from the J.L. Kellogg Graduate School of Management at Northwestern University.