DH Capital Announces Closing of $48,000,000 Financing for Cervalis, a Premier Provider of IT Infrastructure Solutions

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Tue Jul 7, 2009 1:20pm EDT

  NEW YORK, NY and BOULDER, CO, Jul 07 (MARKET WIRE) -- 
DH Capital, LLC ("DH Capital"), a leading investment banking firm serving
companies in the Communications and Internet Infrastructure sectors,
announced the closing of $48,000,000 in senior credit facilities for
Cervalis LLC ("Cervalis") from a consortium of commercial lending
institutions. Cervalis is a premier provider of IT infrastructure
solutions including business continuity and rapid recovery, managed
hosting, managed security, managed storage, networking,
telecommunications, and co-location. The financing will be used for the
construction of a new, state-of-the-art data center and business
continuity facility in northern New Jersey and to refinance existing
indebtedness. The Company will have a unique data center footprint across
the tri-state area including high-end facilities in New York, Connecticut
and northern New Jersey.

    "We are very pleased to have closed this important financing. DH Capital
did a terrific job guiding us through the entire process and bringing
together a knowledgeable group of relationship-oriented lending
institutions to support our growth strategy," stated Michael Boccardi, CEO
of Cervalis. He continued, "The additional capital will enable us to
expand into a key market and meet customer demand for customized high
availability, high power density data center and business continuity
solutions."

    "While the credit markets are still challenging, quality data center
operators can attract capital for growth," stated Mark Thorsheim, Managing
Director of DH Capital. "The lenders recognized the strength of Cervalis'
existing business and understood the importance of the Company's
expansion. Cervalis will be rewarded for executing its business strategy
and the lenders for supporting their plan."

    DH Capital served as exclusive financial advisor to Cervalis on the
transaction.

    About Cervalis LLC

    Cervalis is a premier provider of IT infrastructure solutions including
business continuity / rapid recovery, managed hosting, managed security,
managed storage, networking & telecommunications and co-location. The
company's skilled professionals, world-class facilities and outstanding
customer support provide our clients with a secure IT environment that
ensures business resilience.

    For additional information about Cervalis please visit the company website
at www.cervalis.com.

    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.

    For additional information about DH Capital, please contact us at
212-774-3720 or visit our website at www.dhcapital.com.

    

Contact:
DH Capital
212-774-3720
www.dhcapital.com

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