November 2, 2007 – (HOSTSEARCH.COM) – Cheval Capital (http://www.chevalcap.com) has completed 100 web hosting transactions, the company announced recently. The “boutique investment banking firm and web hosting industry specialist” based in Alexandria, Virginia, USA, achieved the milestone with the recent successful sale of web hosting firm, Host Department, LLC to Nettlinx Limited. The sale is the 19th transaction Cheval completed in 2007.
“We’ve been very fortunate since we began in this industry with Verio in the late 1990’s to have worked with a large number of great companies,” explained Hillary Stiff of Cheval. “We had the pleasure in this case of working for Host Department and I believe that this will be a terrific transaction for both parties.”
"I've had the pleasure of knowing and talking with Hillary over the last few years and am delighted that we are Cheval Capital's 100th transaction,” added Host Department’s CEO, Jimmy Tanzil. “Her help in selling our company was invaluable."
Cheval Capital, Inc. has been operating since the late 1990’s and specializes in “mergers, acquisitions and corporate finance” with particular focus on the Internet services sector. The company recently launched a new website, which includes a range of materials such as presentations that help people “looking at the purchase or sale of web hosting and related Internet services businesses”. The company has dealt with some key players in the Internet and web hosting area including International Group, NTT/Verio and Rackspace Managed Hosting.
