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  6. Hale Global and Hale Capital Partners Invest In Patch Media

Investment Summary

Hale Global and Hale Capital Partners Invest In Patch Media

On January 15, 2014, private equity firms Hale Global and Hale Capital Partners invested in internet software and services company Patch Media from AOL

Investment Highlights
  • This is Hale Global’s 2nd and Hale Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Hale Global’s 4th and Hale Capital Partners’ 6th transaction in the United States.
  • This is Hale Global’s 1st and Hale Capital Partners’ 1st transaction in New York.

Investment Summary
Date 2014-01-15
Target Patch Media
Sector Internet Software and Services
Investor(s) Hale Global
Hale Capital Partners
Sellers(s) AOL
Deal Type Stake Purchase

Target

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, New York.

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Investor(S) 2

Investor

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 4 of 4
Sector: Internet Software and Services M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-27 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. QL2 was founded in 2003 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 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. QL2 was founded in 2003 and is based in Baltimore, Maryland.

Sell -
Investor

Hale Capital Partners

New York, New York, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Hale Capital Partners is a small, private investment firm focused on minority or control investments in publicly-held companies or their subsidiaries. The Firm looks to partner with management when pursuing opportunities and generally targets 'under-appreciated' companies where there's an ability to grow with existing products/services or through acquisitions. Hale Capital Partners was found in 2007 and is based in New York City.

DEAL STATS #
Overall 6 of 10
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 3 of 4
State: New York M&A 1 of 1
Country: United States M&A 6 of 10
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-26 Falconstor

Austin, Texas, United States

Falconstor is a provider of innovative software data management solutions that free companies from the demands of data. The company enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. FalconStor was founded in 1994 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 RB Energy

Vancouver, British Columbia, Canada

RB Energy, Inc. is an owner and operator of Québec Lithium Project near Val d'Or, the geographical heart of the Québec mining industry. It has completed construction and is in the commissioning phase of an open-pit mine and on-site processing plant with estimated capacity to produce approximately 20,000 tonnes of battery-grade lithium carbonate annually. Metallurgical tests have produced battery-grade lithium carbonate samples.

Sell -

Seller(S) 1

SELLER

AOL

New York, New York, United States
Category Company
Founded 1985
Sector Internet Software and Services
Revenue 2.3B USD (2013)
DESCRIPTION
AOL office in Palo Alto, California.
AOL office in Palo Alto, California.

AOL is a media technology company that produces, distributes, and monetizes by connecting publishers with advertisers on its global, programmatic content and advertising platforms. AOL was formed in 1985 and is based in New York, New York.

DEAL STATS #
Overall 10 of 11
Sector: Internet Software and Services M&A 4 of 4
Type: Stake Purchase M&A Deals 1 of 1
State: New York M&A 2 of 2
Country: United States M&A 10 of 11
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-14 Nullsoft

Dulles, Vermont, United States

Nullsoft is a music technology software company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Gravity

Santa Monica, California, United States

Founded in 2009 by early-on MySpacers Amit Kapur, Jim Benedetto, and Steve Pearman, Gravity aims to personalize the Internet. Through our applications, Gravity understands people's interests so that our partners can create more relevant experiences for their users. Our goal is to build a smarter internet that helps people sift through the overwhelming amount of information on the web, while delivering a serendipitous experience that exposes them to the breadth and depth of the Internet.

Buy $90M
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