M&A Deal Summary

Hale Global Acquires QL2

On August 27, 2010, private equity firm Hale Global acquired internet software and services company QL2

Acquisition Highlights
  • This is Hale Global’s 1st transaction in the Internet Software and Services sector.
  • This is Hale Global’s 3rd transaction in the United States.
  • This is Hale Global’s 1st transaction in Maryland.

M&A Deal Summary
Date 2010-08-27
Target QL2
Sector Internet Software and Services
Buyer(s) Hale Global
Deal Type Special Situations/Distressed

Target

QL2

Baltimore, Maryland, United States
QL2 is providing services and technology for near real-time pricing and product data from unstructured sources such as the Web. With over 200 customers across more than 35 countries, QL2data drives better business decisions and increased revenue. QL2 is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

Hale Global

Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Hale Global is a specialist private equity firm focused on acquiring information technology companies. Areas of interest within IT include enterprise application, infrastructure and tools software companies; systems integrators; and telecommunications and networking systems equipment companies. Target acquisitions typically have annual revenues of $5 to $150 million. Hale Global was formerly known as DivestCap and changed its name in 2009. Hale Global was formed in 2001 and has offices in New York and Seattle.

DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 1 of 2
Type (Special Situations/Distressed) 3 of 3
State (Maryland) 1 of 1
Country (United States) 3 of 4
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-19 Location Logic

San Rafael, California, United States

LocationLogic, formerly Autodesk's Location Services Business, is a leading provider of infrastructure, applications, content provisioning, and integration services for deploying and maintaining innovative location-based services (LBS). The company's business and consumer applications and platform software provide location-enabling services and tools to deploy reliable, high-performance applications that deliver personalized, location relevant information for wireless users. LocationLogic personnel and facilities are in the San Francisco Bay area, Overland Park, Kansas, and Calgary, Alberta Canada.

Sell $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 Patch Media

New York, New York, United States

Patch Media is a network of hyperlocal news sites in 900 communities across America. Patch Media serves as a digital town square, where citizens and businesses can connect with others in their communities. Patch Media was founded in 2008 and is based in New York City.

Buy -
Mergr

Product

Company

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