Contact Information: Contact: DH Capital 212-774-3720 www.dhcapital.com
DH Capital Announces Closing of $20,000,000 Senior Credit Facility for Cervalis LLC
| Source: DH Capital, LLC
NEW YORK, NY and BOULDER, CO -- (MARKET WIRE) -- April 9, 2007 -- DH Capital, LLC, an investment
banking firm serving the hosting and cable television industries, today
announced the closing of $20,000,000 in senior credit facilities for
Cervalis LLC ("Cervalis"). MCG Capital Corporation of Arlington, VA
(NASDAQ : MCGC ) provided the financing. Cervalis is a leading provider of
high-end data center and managed hosting services.
"DH Capital did a great job in this process, working closely with the
Company to find the best financing solution," stated Michael Boccardi, CEO
of Cervalis. He continued, "We are very pleased to establish this
relationship with MCG Capital. The additional capital will enable us to
successfully expand our business strategy of providing high availability
data center facilities and services to our clients."
"It has been our pleasure to work with Michael and the entire Cervalis
team," stated Mark Thorsheim, Managing Director of DH Capital. "MCG is
premier financial partner and highly experienced in assisting dynamic
growth companies like Cervalis in financing their expansion strategies."
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 an investment banking partnership serving the media, Internet
and telecommunications industries. Based 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 us at 212-774-3720
or visit our website at www.dhcapital.com.
About MCG Capital Corporation (NASDAQ : MCGC )
MCG provides capital to support the growth and value creation strategies of
small- to mid-sized companies. As a publicly traded Business Development
Company (NASDAQ : MCGC ), we offer highly customized financial solutions
based on in-depth understanding of our portfolio companies' business
requirements. Since 1990, MCG has delivered value for financial sponsors
and operators in approximately 480 diversified financings representing
cumulative investments of approximately $5.1 billion. Please visit the
company's website at www.mcgcapital.com