DH Capital Announces Closing Of $30,000,000 Financing For DreamHost
NEW YORK, NY and BOULDER, CO – December 9, 2013 – DH Capital, LLC (“DH Capital”), an investment banking firm serving companies in the Internet infrastructure, communications, and SaaS sectors, is pleased to announce it served as exclusive financial advisor to DreamHost, LLC, (“DreamHost”), a global leader in Web hosting and cloud services, on its recently completed $30,000,000 credit facilities from Goldman Sachs Bank USA.
The new financing, which is structured as a $25 million term loan and $5 million revolver, will go towards buying back the stake of one of the Company’s founders, paying down equipment financing, and making cash available for growth and working capital. DreamHost, which is headquartered in Los Angeles, offers a full suite of hosting and cloud services including Shared Hosting, Virtual Private Servers (VPS), Dedicated Server Hosting, Domain Name Registration, the cloud storage service DreamObjects, the cloud computing service DreamCompute, and the managed WordPress service DreamPress.
DreamHost CEO Simon Anderson stated, “When we made the decision to raise capital in a globally competitive market, we knew that having an advisory firm with deep industry expertise, strong financial acumen, and high integrity and trust with investors, was an essential element for success. We chose DH Capital for all these reasons, and the experience and sound advice they brought to our first major financing proves that we made a very wise choice. We’re excited that DH Capital helped us find Goldman Sachs, and look forward to accelerating growth of the DreamHost platform.”
“It has been our pleasure to assist Simon and the DreamHost team with this financing from Goldman Sachs. DreamHost’s Web hosting and cloud services offering continues to lead the industry,” commented Townsend Devereux, Partner of DH Capital. “The credit facility from Goldman Sachs will allow DreamHost to continue to accelerate customer growth, further build upon its existing, world-class capabilities and rollout new services.”
DH Capital is the leading investment banking firm to companies in the Internet infrastructure sector, providing M&A advisory and private capital placements. With the largest dedicated team of professionals covering the sector, DH Capital has advised hosting companies on 51 transactions with a combined value in excess of $7.6 billion.
Founded in 1997, DreamHost is a global Web hosting and cloud services provider with over 375,000 customers and 1.3 million blogs, Websites and apps hosted. The Company offers a wide spectrum of Web hosting and cloud services including Shared Hosting, Virtual Private Servers (VPS), Dedicated Server Hosting, Domain Name Registration, the cloud storage service, DreamObjects, the cloud computing service DreamCompute, and the managed WordPress service DreamPress.
Please visit http://DreamHost.com for more information or follow us on twitter at @DreamHost.
About DH Capital:
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS 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 more than 106 M&A transactions and private capital placements totaling more than $8.5 billion in value.
For more information on DH Capital, visit their website at www.dhcapital.com.