Selected Portfolio Companies
Adept Technology, Inc. is a global, leading provider of intelligent robots and autonomous mobile solutions and services that enable customers to achieve precision, speed, quality and productivity in their assembly, handling, packaging, testing and logistical processes. With a comprehensive portfolio of high-performance motion controllers, application development software, vision-guidance technology and high-reliability robot mechanisms with autonomous capabilities, Adept provides specialized, cost-effective robotics systems and services to high-growth markets including Packaging, Medical, Disk Drive/Electronics and Solar; as well as to traditional industrial markets including machine tool automation and automotive components.
Cypress Sharpridge Investments, Inc. is a specialty finance company created with the objective of achieving consistent risk-adjusted investment income. The company invests on a leveraged basis in Agency RMBS collateralized by fixed rate single-family residential mortgage loans, ARMs, or hybrid ARMs. HCP purchased equity during the sub-prime crisis when the company's stock was illiquid and traded in the portal market.
FalconStor Software is a developer of data protection and storage virtualization software. The company’s products enable business continuity, disaster recovery and backup optimization to enterprise-level customers around the world. Hale Capital purchased convertible preferred stock in the company in September 2013 and holds two seats on the Board of Directors.
GSI Group manufactures precision motion products, lasers, and laser systems for the global medical, semiconductor, electronics, and industrial markets. Hale Capital participated with co-investors Tennenbaum Capital Partners, Goldman Sachs, and Highbridge Capital in recapitalizing the company via a voluntary plan of reorganization announced in 2009 and completed in 2010.
LocationLogic provided hosted location-based infrastructure software and applications to Tier 1 wireless carriers. Autodesk contributed the assets to Hale Capital and Hale Global in January 2009 in exchange for a retained interest. Within a challenging situation, HCP drafted documentation, completed diligence, and signed definitive agreements for a complex transaction in a matter of days, and closed without an executive team during turbulent market times. These actions earned HCP an award by M&A Advisor for the 2010 Turnaround of the Year. Telecommunications Systems, Inc. (Nasdaq: TSYS) acquired LocationLogic for $25 million in May 2009.
Midway Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. Its principal properties include the Spring Valley, Midway, Pan, and Gold Rock gold and silver mineral properties located in Nevada; and the Golden Eagle gold mineral property located in Washington. HCP provided working capital for Midway to advance its projects.
RB Energy Inc., is an industrial minerals mining company with operations in Canada and Chile. The Company holds a 100% interest in the Quebec Lithium project located near Val d'Or, Quebec. This project is under development with commissioning of an open-pit lithium carbonate mine and processing plant nearing completion. The mine is expected to produce approximately 20,000 tonnes of battery grade lithium carbonate on an annualized basis. The high-quality product produced from the Quebec Lithium mine will meet the rapidly growing needs of the portable consumer electronics industry, electric and hybrid-electric vehicles, and grid-storage solutions.
Paradigm Holdings provides comprehensive information technology and cybersecurity solutions for federal government enterprises. Hale Capital recapitalized the company in February 2009, providing preferred equity with warrants and subordinated debt.
Patch is a network of hyperlocal news sites in 900 communities across America. The company serves as a digital town square, where citizens and businesses can connect with others in their communities. Patch also has a community of over 5000 active bloggers who write passionately about issues of local concern. AOL contributed the assets to Hale Capital and Hale Global in January 2014 in exchange for a retained interest.
PrimeEnergy Corporation, through its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in the United States. Its primary properties are located in Texas, Oklahoma, West Virginia, the Gulf of Mexico, New Mexico, Colorado, and Louisiana. The company also provides well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations, as well as contract services for third parties. HCP invested equity in the business.
Telanetix Inc., is a leading communications service provider offering next generation voice services to the business market through voice over IP (VoIP). The company's voice offerings give business customers a flexible calling solution, a simple installation experience, and advanced PBX functionality at a low price. HCP recapitalized the company in July 2010 by purchasing $30 million of senior debt at a discount and converting the discount to equity to assume majority ownership.
United Silver Corp is a vertically integrated mining company with operations in Idaho, USA. It has earned, through development and operations, an 80% interest in the Crescent Silver Mine project in Idaho's prolific Silver Belt - directly between two of the world's historically largest silver producing properties, the Sunshine and Bunker Hill mines. USC also offers a full suite of mining services including contract mining and mine machine repair and fabrication services to silver miners in the district.
U.S. Silver & Gold Inc. operates as a gold and silver exploration and development company. The company’s strategy is to develop gold projects within North America that have previously reached advanced exploration, underground development, or past gold production. It is currently focused on re-starting production from its Drumlummon Mine, an epithermal underground gold and silver mine in Montana. The company is headquartered in Winnipeg, Canada