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DH Capital Announces Closing of $20M Financing for Web Host SoftLayer
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| October 2, 2009 – (HOSTSEARCH.COM) – DH Capital, LLC (“DH Capital”), a leading investment banking firm serving companies in the Communications and Internet Infrastructure sectors, announced the closing of up to $20,000,000 in senior notes for SoftLayer Technologies, Inc. (“SoftLayer”) from a private investment group. SoftLayer is a premier provider of global, on-demand virtual data center and hosting services from facilities across the U.S. The financing will be used to fund the continued growth of the company. “This investment will allow us to accelerate our growth plans and further validates our unique approach to the hosting business,” stated Lance Crosby, CEO of SoftLayer. He continued, “It was great to work with a firm like DH that really understands our sector and the SoftLayer difference. I don’t think a deal like this would have been possible without them.” SoftLayer has raised over $100 million in financing to date and has delivered increasing month-over-month profitability. “We are pleased to have been able to assist SoftLayer in securing this debt financing. Despite the challenging credit market environment, the Company’s superior performance and business model presented a compelling opportunity for investors,” stated Peter Hopper, President of DH Capital. DH Capital served as exclusive financial advisor to SoftLayer on the transaction. About SoftLayer Technologies, Inc. Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment. About DH Capital, LLC DH Capital is a private investment banking partnership serving companies in the Communications and Internet Infrastructure sectors. Headquartered in New York with offices in Boulder, Colorado, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions including mergers & acquisitions, private capital placements, financial restructuring, and operational consulting. The principals of DH Capital have led hundreds of transactions including mergers and acquisitions totaling in excess of $10 billion, private equity placements totaling more than $1 billion, and debt placements totaling in excess of $10 billion. |
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