Investment Summary

Exits Hoku

On April 29, 2005, invested in technology hardware company Hoku from Advantage Capital Partners

Investment Highlights
  • This is transaction in the Technology Hardware sector.
  • This is transaction in the United States.
  • This is transaction in Hawaii.

Investment Summary

Date 2005-04-29
Target Hoku
Sector Technology Hardware
Sellers(s) Advantage Capital Partners
Deal Type IPO

Target

Hoku

Honolulu, Hawaii, United States
website
Hoku Corp. is a developer of fuel cell membrane technology. The company's primary focus is a new membrane for use in Proton Exchange Membrane (PEM) fuel cells. The Hoku Membrane offers the potential for substantially better performance than today's leading technologies, while reducing product costs by as much as 90%. The company is also working on an alternative membrane design for use in direct methanol fuel cells, as well as a new design for a low operating temperature fuel cell.

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Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 12 of 94
Sector (Technology Hardware) 1 of 3
Type (IPO) 5 of 11
State (Hawaii) 1 of 2
Country (United States) 12 of 94
Year (2005) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Thomson Plastics

Thomson, Georgia, United States

Thomson Plastics produces a broad array of customized engineered plastic components using standard and gas-assisted injection molding technology. Thomson Plastics was founded in 1975 and is based in Thomson, Georgia.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-16 EncryptX

Longmont, Colorado, United States

EncryptX Corp. develops, markets, sells and supports comprehensive security software solutions that automate both persistent protection of sensitive data in motion and at rest, and policy-based email regulatory compliance. EncryptX solutions provide next-generation enforcement technology to mitigate risk of regulatory violations, reduce the cost of legal discovery, and increase management's control over corporate digital assets.

Buy -