M&A Deal Summary

QTS Acquires Carpathia Hosting

On May 6, 2015, QTS acquired internet software and services company Carpathia Hosting from Spire Capital Partners for 326M USD

Acquisition Highlights
  • This is QTS’s 1st transaction in the Internet Software and Services sector.
  • This is QTS’s largest (disclosed) transaction.
  • This is QTS’s 1st transaction in the United States.
  • This is QTS’s 1st transaction in Virginia.

M&A Deal Summary
Date 2015-05-06
Target Carpathia Hosting
Sector Internet Software and Services
Buyer(s) QTS
Sellers(s) Spire Capital Partners
Deal Type Add-on Acquisition
Deal Value 326M USD
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Carpathia Hosting

Ashburn, Virginia, United States
Carpathia Hosting, Inc. is a hybrid cloud services and Infrastructure-as-a-Service (IaaS) provider offering a high level of security and compliance solutions to sophisticated enterprise customers and federal agencies.

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Buyer(S) 1

Buyer

QTS

Overland Park, Kansas, United States
Category Company
Sector Information Technology
Employees634
Revenue 539M USD (2020)
DESCRIPTION

QTS is a provider of secure, compliant data center solutions and fully managed services. QTS’ integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.

DEAL STATS #
Overall 1 of 4
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 VMware - FedRAMP Compliant Cloud Platform

Palo Alto, California, United States

VMware - FedRAMP Compliant Cloud Platform is an industry major FedRAMP compliant solutions that deliver cloud services to the Federal sector.

Buy -

Seller(S) 1

SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 19 of 27
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 16 of 19
State (Virginia) 2 of 2
Country (United States) 18 of 26
Year (2015) 2 of 2
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Professional Bull Riders

Pueblo, Colorado, United States

Professional Bull Riders is a sports league franchise for the sport of bull riding. The Company is based in Pueblo, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 On Campus Marketing

West Trenton, New Jersey, United States

On Campus Marketing is a provider of affinity programs for universities and colleges across the United States. The Company utilizes university-branded direct marketing targeted at the parents of college students to sell a diversified group of products including staples such as custom-sized linens, personalized diploma frames, and care packages. On Campus Marketing was founded in 1981 and is based in West Trenton, New Jersey.

Buy -
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