SOURCE: D.H. Capital, LLC

D.H. Capital, LLC

September 16, 2015 07:41 ET

DH Capital Advises Layer42 on Transaction With Wave Broadband

NEW YORK, NY and BOULDER, CO--(Marketwired - Sep 16, 2015) -  DH Capital, LLC ("DH Capital"), an investment banking firm serving companies in the Internet Infrastructure, communications, and SaaS sectors, announced today that the company served as exclusive financial advisor to Layer42, Inc. ("Layer42"), a leading Bay-area provider of colocation and network services, on its recently announced sale to WaveDivision Holdings, LLC dba Wave Broadband ("Wave").

"DH Capital was critical in achieving an outcome that met Layer42's goals," said Derek Garnier, CEO of Layer42. "The team at DH was patient, thorough, and tireless in their effort to reach the finish line."

"Enabling our clients to meet their desired objectives is our number one priority," said Townsend Devereux, Partner of DH Capital. "Layer42 built a terrific business based in Mountain View and Santa Clara and we fully expect it will continue to thrive as part of Wave."

About Layer42

Layer42 Networks was founded in 1999, with the goal of delivering technology driven business-to-business Internet solutions. Layer42 Networks operates two state-of-the-art Datacenters and specializes in Metro Ethernet, Waves, IP Transit, Datacenter and Point to point connectivity. Using DWDM technology, Layer42 Networks operate a ring of multiple 10 Gigabit connections between each facility. This high capacity network, along with MPLS technology allows for a fully fault tolerant network with the lowest latency and jitter as well as highest uptime available. Layer42 will now be known as "Layer42 by Wave."

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 120 M&A transactions and private capital placements totaling more than $9.9 billion in value. For additional information about DH Capital, please visit our website at www.dhcapital.com.

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