Capricorn Holdings

Capricorn Holdings, established in 1987 and based in Greenwich, Connecticut, is a private equity firm focusing on investments in middle-market companies. It specializes in turnarounds, early-stage, and special situation investments, with a transaction value preference of $50 million to $500 million. The firm aims to lead or co-lead investments, seeking an internal rate of return over a four to eight-year period. Capricorn Holdings targets companies with annual revenues above $3 billion, aiming to improve short-term performance through operational restructuring and create long-term value through internal growth and acquisitions. It typically invests in add-on acquisitions, leveraged buyouts, recapitalizations, and other financial transactions, and prefers to have a significant influence on corporate matters. The firm considers co-investment opportunities and seeks exits through trade sales or initial public offerings.

Herbert S. Winokur Jr.

Managing General Partner

6 past transactions

TrueCar

Series E in 2009
TrueCar, Inc. is an internet-based technology and information platform based in Santa Monica, California, that provides users with market-based pricing data for new and used cars. Founded in 2005, the company connects consumers with a network of TrueCar certified dealers while offering insights into actual vehicle prices in specific geographic areas. TrueCar aggregates data from multiple sources to deliver unbiased real-time pricing information that assists both car buyers and dealers in making informed decisions. The platform also offers tools such as TrueCar Trade, which allows consumers to receive guaranteed trade-in values, and DealerSync, a service designed to help dealers manage and grow their businesses through customized website solutions. Additionally, TrueCar provides consulting services related to automobile residual values, catering to financial institutions and large enterprise partners. The company aims to enhance transparency and efficiency in the automotive marketplace.

TrueCar

Series B in 2008
TrueCar, Inc. is an internet-based technology and information platform based in Santa Monica, California, that provides users with market-based pricing data for new and used cars. Founded in 2005, the company connects consumers with a network of TrueCar certified dealers while offering insights into actual vehicle prices in specific geographic areas. TrueCar aggregates data from multiple sources to deliver unbiased real-time pricing information that assists both car buyers and dealers in making informed decisions. The platform also offers tools such as TrueCar Trade, which allows consumers to receive guaranteed trade-in values, and DealerSync, a service designed to help dealers manage and grow their businesses through customized website solutions. Additionally, TrueCar provides consulting services related to automobile residual values, catering to financial institutions and large enterprise partners. The company aims to enhance transparency and efficiency in the automotive marketplace.

Imperium Renewables

Series B in 2007
Imperium Renewables, Inc. is a producer and marketer of biodiesel in the United States, utilizing feedstock oils and glycerin, a by-product of the biodiesel production process. The biodiesel produced by the company serves as an alternative fuel for various modes of transportation, including cars, trucks, ships, trains, and planes. Imperium Renewables operates BQ-9000-certified biodiesel facilities located in Hoquiam, Washington, and Oahu, Hawaii. Established in 2004 and originally named Seattle Biodiesel, the company rebranded to its current name in May 2005 and markets its products through a network of distributors across the country.

Targeted Growth

Series D in 2007
Targeted Growth, Inc. is a crop biotechnology company specializing in the development of technologies aimed at enhancing seed size and yield for the agricultural and biofuel sectors. Established in 1998 and headquartered in Seattle, Washington, with additional laboratories in the United States and Canada, the company focuses on developing high-yield and quality-improved food and energy crops such as canola, soybean, sugarcorn, and camelina. By increasing the productivity of these crops, Targeted Growth supports farmers in cultivating raw materials essential for the production of renewable fuels, including ethanol and biodiesel. Through its innovative approaches, the company contributes to advancements in sustainable agriculture and energy production.

Oberon Media

Venture Round in 2006
Oberon Media is a leading multi-platform casual games company, specializing in the development and distribution of games across PC, online, mobile, and interactive TV platforms. The company is recognized for its Oberon Game Center platform, which has become an industry standard and is utilized by prominent corporations such as Microsoft, Comcast, and Electronic Arts. This platform offers a comprehensive suite of casual game content and merchandising tailored to meet the unique requirements of each partner. Oberon Media distinguishes itself by providing integrated casual gaming solutions that effectively engage both brands and users. Its flagship online property is I-play Games, which exemplifies the company's commitment to delivering high-quality gaming experiences.

Nanosolar

Series C in 2006
Nanosolar, Inc. is a manufacturer of solar electricity cells and panels, focusing on cost-efficient solar energy solutions. Founded in 2001 and headquartered in San Jose, California, with additional manufacturing facilities in Berlin, Germany, the company produces products such as the Utility Panel, designed for utility-scale power plants, and SolarPly, a lightweight solar-electric cell foil that can be customized to various sizes. Nanosolar employs a proprietary printing technique for CIGS (Copper, Indium, Gallium, Selenium) solar cells, utilizing nanoparticle inks and an annealing process. This innovative approach reduces reliance on expensive high vacuum deposition equipment, allowing the company to leverage industrial printing and roll-to-roll manufacturing technologies to produce solar-electric foil efficiently and at high speeds.
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