DH Capital Announces Closing Of $176,000,000 Financing For Datapipe
NEW YORK, NY and BOULDER, CO – May 10, 2011 – DH Capital, LLC, an investment banking firm serving companies in the Internet infrastructure and communications sectors, announced today the closing of a $176,000,000 financing for Datapipe, Inc. Datapipe is a leading provider of enterprise-ready, mission critical IT services. As part of the financing, ABRY Partners purchased preferred equity and a minority common interest in the company. In addition, Datapipe obtained a new Senior Secured Credit Facility from a syndicate of lenders, including TD Securities (as agent), Brown Brothers Harriman, CapitalSource, Caterpillar Financial, CIT Group, GE Capital, ING and Raymond James Financial. The new financing substantially increases Datapipe’s investment capacity and the company’s ability to accelerate its expansion plans. DH Capital served as exclusive financial advisor to Datapipe on the transactions.
“Datapipe is a worldwide leader in providing high end managed services for enterprises. This financing enables the company to continue its rapid growth and expansion building upon its industry leading reputation,” stated Peter Hopper CEO of DH Capital. “Datapipe’s new financial partners represent the leading equity and debt investors in the sector.”
“We have developed a strong relationship with DH Capital over eight years and we rely on their proven industry expertise each time we secure financing,” said Robb Allen, CEO of Datapipe. “As our financial advisor, DH Capital was instrumental in securing our most significant investment to date.”
Marty Friedman, Partner and Managing Director at DH Capital added, “At each stage of its evolution, Datapipe has required new financing structures and partners to support its continuing growth. DH Capital is pleased with our long term relationship with the company and looks forward to continuing our partnership in the years ahead.”
Datapipe offers a single provider solution for managing and securing mission-critical IT services, including cloud computing, infrastructure as a service, platform as a service, colocation and data centers. Datapipe delivers those services from the world’s most influential technical and financial markets including New York metro, Silicon Valley, London, Hong Kong and Shanghai. Datapipe was named Growth Company of the Year in 2009 by the New Jersey Tech Council. In 2010, Datapipe was named to Gartner’s Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting. Datapipe is a member of the EPA Green Power Leadership Club. For more information about Datapipe visit www.datapipe.com or call (888) 749-5821.
About DH Capital, LLC
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure and communications sectors. Headquartered in New York City 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 and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed M&A transactions and private capital placements totaling more than $4 billion in value.