Investment Summary

Advantage Capital Partners Invests In Hoku

On December 1, 2003, growth capital firm Advantage Capital Partners invested in technology hardware company Hoku

Investment Highlights
  • This is Advantage Capital Partners’ 2nd transaction in the Technology Hardware sector.
  • This is Advantage Capital Partners’ 18th transaction in the United States.
  • This is Advantage Capital Partners’ 1st transaction in Hawaii.
Investment Fate
  • Hoku went public in 2005.

Investment Summary

Date 2003-12-01
Target Hoku
Sector Technology Hardware
Investor(s) Advantage Capital Partners
Deal Type Venture

Target

Hoku

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.

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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 18 of 329
Sector: Technology Hardware M&A 2 of 8
Type: Venture M&A Deals 12 of 125
State: Hawaii M&A 1 of 4
Country: United States M&A 18 of 325
Year: 2003 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-08 Monarch Machine Tool

Cortland, New York, United States

Monarch Machine Tool is a provider of electronic machines intended to offer metal-cutting equipment. Monarch Machine Tool was established in 1909 and is based in Cortland, New York.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-03 Kionix

Ithaca, New York, United States

Kionix makes the worlds most advanced accelerometers and gyroscopes. Their products are currently being used or tested to provide anti-skid functionality in cars, improve suspension systems to smooth bumps, and stop rollovers. At the same time, the consumer electronics world is looking to use Kionix sensors to protect laptops from breaking when dropped and to allow video game controllers to respond to subtle hand motions instead of button pushes.

Buy -