Contact Information: For additional information on DH Capital, please contact: DH Capital 212-774-3720 website: www.dhcapital.com
DH Capital Arranges $12 Million Investment in Fourpoints Communications, LLC
| Source: DH Capital, LLC
NEW YORK, NY--(Marketwire - December 18, 2007) - 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 outdoor
industry 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, Internet
and 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.