NEW YORK, NY, Dec 18 (MARKET WIRE) --
DH Capital, LLC, an investment banking firm serving the media, Internet and
telecommunications industries, announced today that Fourpoints Communications,
LLC
has received a $12 million investment commitment consisting of preferred equity
and senior debt from Fourpoints Investors, LLC. Fourpoints Communications
currently owns outdoor advertising structures in the State of Washington and
will use the proceeds of the new investment primarily to develop additional
signs in the western United States.
"We are a fast growing outdoor advertising company developing assets in an
underserved market," explained Donald MacCord, Jr., the experienced
outdoorindustry veteran who founded Fourpoints Communications and serves as the
company's chief executive officer. "DH Capital understood our goals, helped us
develop our business plan and financing structure, and communicated our story
to a group of investors who shared our vision. We look forward to a long
and successful partnership with the firm."
"We met Don and were immediately impressed by his enthusiasm for the outdoor
advertising industry and his vision," stated Peter Hopper, President and
Co-Founder of DH Capital. "We are pleased to have found a financing
solution that both provides Fourpoints Communications with the funds it needs
and creates a long term relationship between DH Capital and the company."
Fourpoints Investors, LLC is a special purpose limited liability company
organized by DH Capital to facilitate the investment in Fourpoints
Communications.
DH Capital served as exclusive financial advisor to Fourpoints
Communications, 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
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