Investment Summary

Advantage Capital Partners Invests In Synacor

On March 30, 2003, growth capital firm Advantage Capital Partners invested in internet software and services company Synacor

Investment Highlights
  • This is Advantage Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Advantage Capital Partners’ 15th transaction in the United States.
  • This is Advantage Capital Partners’ 3rd transaction in New York.
Investment Fate
  • Synacor went public in 2007.
  • Synacor was sold to a financial buyer in 2021 for 92M USD.

Investment Summary

Date 2003-03-30
Target Synacor
Sector Internet Software and Services
Investor(s) Advantage Capital Partners
Deal Type Venture

Target

Synacor

Buffalo, New York, United States
Synacor is a provider of technology supporting the delivery of unbranded bundled online services. Synacor enables internet access providers to easily bundle a variety of subscription-only premium, entertainment, and value-added services into their internet access products. Synacor was founded in 1998 and is based in Buffalo, New York.

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Investor(S) 1

Investor

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


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 15 of 329
Sector: Internet Software and Services M&A 1 of 11
Type: Venture M&A Deals 11 of 125
State: New York M&A 3 of 22
Country: United States M&A 15 of 325
Year: 2003 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-27 Enterprise of Delta

Jackson, Louisiana, United States

ECD is a private, nonprofit community development financial institution (CDFI) that provides commercial financing, mortgage loans and technical assistance to support businesses, entrepreneurs, home buyers and community development projects. ECD's mission is to strengthen communities, build assets and improve lives of people in economically distressed areas of Arkansas, Louisiana, Mississippi, and Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Emageon

Birmingham,, Alabama, United States

Emageon, Inc. provides information technology systems for hospitals, healthcare networks, and imaging facilities in the United States. The company offers IT solutions to manage medical image storage and distribution, provider radiology, cardiology and visualization, and manage workflow and medical content management.

Buy -