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
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DATE TARGET DEAL TYPE VALUE
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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