Investment Summary

Exits iCardiac Technologies

On March 8, 2014, invested in information technology company iCardiac Technologies from Advantage Capital Partners and Stonehenge Growth Equity Partners

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in New York.
Investment Fate
  • iCardiac Technologies was sold to a strategic buyer in 2017.

Investment Summary
Date 2014-03-08
Target iCardiac Technologies
Sector Information Technology
Sellers(s) Advantage Capital Partners
Stonehenge Growth Equity Partners
Deal Type Secondary Sale

Target

iCardiac Technologies

Rochester, New York, United States
website
iCardiac Technologies, Inc. is a provider of advanced cardiac safety analysis technologies. The company evolved from research carried out at the Heart Research Follow-up Program at the University of Rochester. The company's technology provides more rigorous characterization of the cardiac safety profiles of in-development and on-market drugs.

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Seller(S) 2

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 50 of 94
Sector (Information Technology) 9 of 12
Type (Secondary Sale) 1 of 1
State (New York) 9 of 11
Country (United States) 50 of 94
Year (2014) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Capewell Aerial Systems

Meadows of Dan, Virginia, United States

Capewell Aerial Systems LLC is a design and manufactures tactical, parachute and aerial delivery products. Capewell Aerial Systems was founded in 1881 and is based in Meadows of Dan, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 Green Life Guides

New Haven, Connecticut, United States

Green Life Guides operates an online site for green wedding ideas, products, and services. The site is committed to promoting environmental awareness and social change by offering eco-friendly alternatives to the modern bride. Green Life Guides was founded in 2007 and is based in New Haven, Connecticut.

Sell -
SELLER

Stonehenge Growth Equity Partners

Investor Investor Investor

website

Category Growth Capital Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Stonehenge Growth Equity Partners is a growth capital investment firm focused on investing in technology-enabled service businesses in the Southeast US. The Firm looks to commit $1 to $5 million in profitable companies with at least $3 million of revenue. Stonehenge Growth Equity Partners spun out of Stonehenge Capital Company in 2013. Stonehenge Growth Equity Partners is headquartered in Tampa, Florida.

DEAL STATS #
Overall 8 of 13
Sector (Information Technology) 2 of 3
Type (Secondary Sale) 1 of 1
State (New York) 3 of 4
Country (United States) 8 of 13
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-20 TiqIQ

New York, New York, United States

TiqIQ is the event ticket search engine for sports, music and theater and helps consumers get the best deals on tickets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-02 1000Museums

Bellevue, Washington, United States

1000 Museums ("1KM") is building the platform of web and mobile applications dedicated to redefining the art and museum experience for both visitors and museums.

Buy -
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