SOURCE: DH Capital, LLC

August 09, 2007 11:02 ET

DH Capital Advises Helicon d/b/a JetBroadband on $19 Million Investment From Intermediate Capital Group

NEW YORK, NY--(Marketwire - August 9, 2007) - DH Capital, LLC, an investment banking firm serving the media, Internet and telecommunications industries, announced today that Helicon Cable Holdings, LLC (d/b/a JetBroadband) has received an approximately $19 million investment consisting of preferred equity, senior subordinated notes, and junior subordinated notes from Intermediate Capital Group, plc ("ICG"). The investment from ICG was made in conjunction with JetBroadband's acquisition last week of Suddenlink's Virginia cable television systems.

MCG Capital Corporation (NASDAQ: MCGC) is the largest investor in JetBroadband, which is a broadband communications company with cable television systems serving 70,000 Revenue Generating Units in medium-sized communities in Virginia and West Virginia.

DH Capital served as exclusive financial advisor to JetBroadband on the 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.

Contact Information

  • For additional information, please contact:
    DH Capital
    212-774-3720
    website: www.dhcapital.com