Investment Summary

Advantage Capital Partners Invests In Broadband iTV

On March 31, 2005, growth capital firm Advantage Capital Partners invested in media company Broadband iTV, Inc. (dba BBiTV)

Investment Highlights
  • This is Advantage Capital Partners’ 1st transaction in the Media sector.
  • This is Advantage Capital Partners’ 30th transaction in the United States.
  • This is Advantage Capital Partners’ 2nd transaction in Hawaii.

Investment Summary

Date 2005-03-31
Target Broadband iTV, Inc. (dba BBiTV)
Sector Media
Investor(s) Advantage Capital Partners
Deal Type Venture

Target

Broadband iTV, Inc. (dba BBiTV)

Honolulu, Hawaii, United States
website
Broadband iTV, Inc. (dba BBiTV) is an interactive television service provider that works in partnership with local cable operators to create interactive community TV channels.

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Investor(S) 1

Investor

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
SizeLarge
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 30 of 193
Sector (Media) 1 of 4
Type (Venture) 19 of 103
State (Hawaii) 2 of 5
Country (United States) 30 of 191
Year (2005) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-16 Ischemia Technologies, Inc.

Denver, Colorado, United States

Ischemia Technologies, Inc. develops, manufactures and markets new diagnostic tests for cardiovascular and acute care medicine. Ischemia's flagship product has received FDA clearance and is the first newly approved blood test for evaluation of heart attacks since 1994.

Sell $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-29 Hoku Corp.

Honolulu, Hawaii, United States

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.

Sell -