Contact Information: Contact: DH Capital 212-774-3720 www.dhcapital.com
DH Capital Advises Newnan Utilities on the Sale of Its Cable and Telecommunications System to Halyard Capital
| Source: DH Capital, LLC
NEW YORK, NY and BOULDER, CO--(Marketwire - April 22, 2008) - DH Capital, LLC, an investment
banking firm serving the media, Internet and telecommunications industries,
announced today that Newnan Utilities has completed the sale of its cable
and telecommunications system to an affiliate of Halyard Capital. The
municipally owned system being sold serves approximately 18,000 video
subscribers in the communities in and around Newnan, Georgia.
"The team at Newnan Utilities has done a terrific job creating a robust,
customer focused cable and telecommunications platform," stated Townsend
Devereux, Partner at DH Capital, LLC. "Halyard Capital and their operating
team, led by John Brooks, have a long history in the cable and
telecommunications sectors and we expect they will meet with great success
as well."
"It has been a pleasure working with Townsend Devereux and Marty Friedman
and the rest of the DH Capital team during this process," commented Dennis
McEntire, General Manager of Newnan Utilities. "Their assistance from
start to finish has been invaluable."
Newnan Utilities received legal counsel from Paul, Hastings, Janofsky &
Walker LLP.
DH Capital served as exclusive financial advisor to Newnan Utilities.
About DH Capital, LLC
DH Capital is an investment banking partnership serving the media, Internet
and telecommunications industries. Headquartered in New York 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 private
placements, mergers & acquisitions, financial restructuring, and
operational consulting. The principals of DH Capital have led hundreds of
transactions including mergers and 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.