New York, NY and Boulder, CO – May 18, 2011 –DH Capital, LLC, an investment banking firm serving companies in the Internet infrastructure and communications sectors, announced today the closing of DBT-DATA’s purchase of an existing building located in Ashburn, Virginia, as well as the leasing of this property to RagingWire Enterprise Solutions, Inc. DH Capital served as exclusive financial advisor to DBT-DATA, assisting the company by arranging the required financing and negotiating the terms of the RagingWire lease.
“With strong demand for capacity, Northern Virginia remains among the strongest datacenter markets in the country,” stated Peter Hopper, CEO of DH Capital. “DBT-DATA’s facility is located near all of the major datacenters in the area. We are pleased we were able to assist the developer in financing the project and attracting a high quality tenant.”
“DH Capital’s extensive experience and strong relationships with most of the major datacenter operators allowed us to close this transaction quickly and efficiently,” commented David Tolson, Managing Partner of DBT-DATA. “DH Capital brought creativity and flexibility to the financing and attracted the right tenant to the property.”
“DH Capital knew we wanted to develop a datacenter in the Washington, DC area to meet the needs of our customers,” explained Yatish Mishra, President and CEO of RagingWire. “After identifying the right property, which already had access to more than 18 megawatts of electrical power, DH Capital expedited the leasing process, allowing us to occupy the building quickly, so we could begin development.”
Marty Friedman, Partner and Managing Director at DH Capital, added, “Knowing the goals of our clients allowed us to match DBT-DATA’s available facility with RagingWire. Our experience enabled us to negotiate a lease addressing each party’s long term needs, resulting in a favorable outcome for both DBT-DATA and RagingWire.”
DBT-DATA is a developer of powered shell and turn key mission critical solutions. Its primary focus is on the adaptive reuse of existing industrial facilities that are converted to datacenter use through customized engineering, development and the procurement of substantial power and fiber. For more information, please visit www.DBTDATA.com.
About RagingWire Enterprise Solutions
RagingWire Enterprise Solutions provides highly custom and flexible collocation solutions to meet the needs of high-density, data-intensive enterprise companies. RagingWire operates N+2 redundant, highly secure Enterprise Data Center campuses engineered to provide “five nines” (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions for companies with mission critical IT systems. Outsourcing to RagingWire’s carrier neutral datacenters enables clients to reduce operating costs, be more efficient, and improve time to market. For more information, please visit www.ragingwire.com.
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.