Investment Summary

Ironwood Capital and Advantage Capital Partners Invest In IsoPlexis

On November 28, 2017, growth capital firms Ironwood Capital and Advantage Capital Partners invested in life science company IsoPlexis

Investment Highlights
  • This is Ironwood Capital’s 1st and Advantage Capital Partners’ 14th transaction in the Life Science sector.
  • This is Ironwood Capital’s 56th and Advantage Capital Partners’ 235th transaction in the United States.
  • This is Ironwood Capital’s 16th and Advantage Capital Partners’ 17th transaction in Connecticut.
Investment Fate
  • IsoPlexis was sold to a strategic buyer in 2022 for 58M USD.

Investment Summary

Date 2017-11-28
Target IsoPlexis
Sector Life Science
Investor(s) Ironwood Capital
Advantage Capital Partners
Deal Type Venture

Target

IsoPlexis

Branford, Connecticut, United States
IsoPlexis is a life sciences company developing a diagnostic platform that identifies a wide range of patient immune responses at the cellular level. Its platform can assess safety and efficacy of therapeutics and monitor disease progression, enabling improved therapeutic development and informing physician decisions. IsoPlexis was founded in 2013 and is based in Branford, Connecticut.

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Investor(S) 2

Investor

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 56 of 97
Sector: Life Science M&A 1 of 1
Type: Venture M&A Deals 9 of 9
State: Connecticut M&A 16 of 20
Country: United States M&A 56 of 97
Year: 2017 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 Industrial Timber

Charlotte, North Carolina, United States

Industrial Timber is a designer and manufacturer of outsourced, ready-to-assemble just-in-time wooden frames for the upholstered furniture industry. The company works with furniture manufacturers to supply frames that help improve quality while making a positive impact on their bottom line. Industrial Timber was founded in 1999 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-29 Gemcity Engineering and Manufacturing

Dayton, Ohio, United States

Gemcity Engineering and Manufacturing is a contract and specialized equipment manufacturer of highly engineered products serving the defense, healthcare, semiconductor, and industrial machinery markets. Gemcity Engineering and Manufacturing is based in Dayton, Ohio.

Buy -
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 236 of 329
Sector: Life Science M&A 14 of 16
Type: Venture M&A Deals 108 of 125
State: Connecticut M&A 17 of 23
Country: United States M&A 235 of 325
Year: 2017 M&A 24 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Cleveland HeartLab

Cleveland, Ohio, United States

Cleveland HeartLab, Inc. is a diagnostics company specializing in the detection, prevention, and management of cardiovascular disease from a proprietary product pipeline licensed exclusively from the Cleveland Clinic, the global leader in cardiac health.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Power Gen Components

Las Vegas, Nevada, United States

Power Gen Components is a manufacturer of precision fasteners engineered specifically for power generation and oil & gas applications. Power Gen Components was founded in 2010 and is based in Las Vegas, Nevada.

Buy -