# AAG Energy Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aag-energy-holdings

- Industry: Oil & Gas
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.aagenergy.com
- Total disclosed funding: $252M
- Latest round: Series C (Jun 6, 2013)
- Investors on record: 6

## About

Founded in 1994 and based in Hong Kong. AAG Energy Holdings Limited was formed as a result of the management buyout of Asian American Gas, Inc. and is an energy company focusing on the exploration, development, production, and sale of coalbed methane resources. In June 2013, Baring Private Equity Asia, Chengwei Capital, Chinastone Capital, Warburg Pincus, and other investors acquired USD 130 million of convertible bonds from AAG Energy Limited.

The company is committed to the exploration, development, production, and sales of coalbed methane in China.

## Funding rounds

- Series C, Jun 6, 2013, $124M — EQT Private Capital Asia, Warburg Pincus, Chengwei Capital, Chinastone Capital, Pingan Caizhi Capital
- Series B, Apr 25, 2011, $10M — China Development Bank Capital
- Series B, Mar 12, 2010, $29M — EQT Private Capital Asia, Warburg Pincus, Chengwei Capital
- Series A, Mar 10, 2008, $89M — EQT Private Capital Asia, Chengwei Capital

## Investors

- EQT Private Capital Asia (https://capitalatlas.ai/funds/eqt-private-capital-asia) — Series A, Series B, Series C
- Chengwei Capital (https://capitalatlas.ai/funds/chengwei-capital) — Series A, Series B, Series C
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series B, Series C
- China Development Bank Capital — Series B
- Chinastone Capital — Series C
- Pingan Caizhi Capital — Series C