NEW YORK, NY, Dec 10 (MARKET WIRE) --
DH Capital, LLC, an investment banking firm serving the media, Internet and
telecommunications industries, announced today that Liberty Towers, LLC has
received a $20 million investment commitment consisting of preferred equity from
Housatonic Partners. Liberty Towers will use the funds invested under this
commitment to continue the development of communications towers in the
Mid-Atlantic and Northeastern United States.
Liberty Towers was formed by Eric Sivertsen, Michael Hofe and Clark Madigan,
three executives with extensive experience in the site selection, engineering,
development and operation of communications towers. "We appreciate DH
Capital's advice and support in securing funds to grow Liberty Towers into a
significant middle-market tower company," stated Eric Sivertsen, Chief
Executive Officer of Chesapeake Towers Development, LLC, the manager of
Liberty Towers. "DH Capital's help was invaluable in matching Liberty's
financial needs and aspirations with Housatonic Partners, an investor we know to
be
industry knowledgeable as well as a good partner."
Housatonic Partners is a private equity investment firm founded in 1994 with
more than $650 million in capital under management. Housatonic Partners invests
in
growing, profitable companies in the recurring services, media and
communications
industries.
DH Capital served as exclusive financial advisor to Liberty Towers, LLC on
this capital placement.
About DH Capital, LLC
DH Capital is an investment banking partnership serving the media,
Internetand telecommunications industries. Headquartered in New York, 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 private placements, mergers & acquisitions, financial
restructuring, and operational consulting. The principals of DH Capital have
led hundreds of transactions including mergers & 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 on DH Capital, please contact:
DH Capital
212-774-3720
website: www.dhcapital.com
Copyright 2007, Market Wire, All rights reserved.
-0-
