Spire Capital Closes on the Sale of Carpathia to QTS Realty Trust
New York, NY – June 17, 2015 – Spire Capital Partners (“Spire Capital”), a private equity firm specializing in investments in the business services, information services, media, education and communications sectors, closed on the sale of Carpathia Hosting, Inc. (“Carpathia”), a leading hybrid cloud services provider, to QTS Realty Trust (NYSE: QTS), a national provider of data center solutions and fully managed services, for approximately $326 million.
Carpathia is a leading compliant hybrid cloud technology platform and provider of cloud and managed solutions for some of the world’s most demanding enterprises and public sector agencies. The Company’s proprietary technology platform and services were purpose-built to power a comprehensive suite of managed, cloud and hybrid solutions specifically designed to meet commercial and compliance requirements.
“Carpathia has successfully positioned itself as a leading hybrid cloud services company serving complex customers within the enterprise and government verticals”, said Sean White, a partner at Spire Capital. “Led by CEO Peter Weber, the management team did an excellent job in creating proprietary technology and service offerings that were attractive to highly demanding and sophisticated customers, which differentiated Carpathia relative to its peers and has enabled their rapid growth.”
“The team is very proud of the platform Company we built in partnership with Spire Capital”, said Peter Weber. “The team at Spire Capital supported us with our acquisition identification and diligence, our capital markets efforts, as well as our strategic growth and new sales/business development initiatives. We appreciate all of their help and guidance in order to get Carpathia to this point.”
QTS added Peter Weber to the QTS executive team as Chief Product Officer – additionally, the remainder of the Carpathia executive team will continue to play significant roles in further developing and delivering products and services that customers seek and value. QTS closed the transaction on June 16, 2015. Credit Suisse acted as exclusive financial advisor to Spire and Carpathia, while Dentons acted as their legal advisor. Deutsche Bank Securities Inc. acted as lead financial advisor and TD Securities acted as financial advisor to QTS. Hogan Lovells US LLP acted as legal advisor to QTS.
About Spire Capital Partners
Founded in 2000, Spire Capital is an active and experienced private equity firm with an investment focus on lead and control investments in companies within the business services, information services, media, education and communications sectors. Spire Capital leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies to grow and create value. Spire Capital is investing out of its third fund and has managed over $900 million in private equity commitments since its founding. For more information please visit www.spirecapital.com.
Spire Capital Disclosure: Spire Capital is a New York based investment advisor registered with the Securities and Exchange Commission under the Investment Act of 1940. Market conditions can vary over time and past fund performance does not guarantee future fund results.
Carpathia is a trusted cloud operator and leading provider of hybrid cloud and managed services, providing secure, reliable and compliant IT infrastructure and management for some of the world’s most demanding enterprises and federal agencies. Carpathia’s cloud platform delivers solutions for every stage of the cloud journey, empowering organizations to meet their unique security and compliance requirements. Carpathia’s experienced customer care team and innovative data center facilities provide 24x7 global support to ensure optimum performance and reliability. Backed by its E3 Promise™, Carpathia consistently delivers an experience that exceeds expectations. Contact Carpathia at 1.888.200.9494, or visit www.carpathia.com for more information.