NEW YORK, NY and BOULDER, CO--(Marketwire - March 4, 2011) - DH Capital, LLC, an investment banking firm serving companies in the Internet infrastructure and communications sectors, announced today the closing of a $35,000,000 financing for Data Based Systems International, Inc. ("DBSi" or "the Company"). DBSi is a leading provider of managed hosting services, high-end co-location, and workspace recovery in the Mid-Atlantic region. The financing was composed of a senior credit facility and a subordinated term loan. PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. (
"This new funding will help us achieve another major milestone for DBSi and our clients," stated William A. Bachenberg, founder and CEO of DBSi. "TekPark will serve the critical IT needs of enterprises with DBSi's state-of-the-art data center design. We are very pleased with the DH Capital team and their execution on this important transaction."
"DH Capital did a great job throughout this process, creating a variety of potential financing solutions and helping to facilitate a timely closing," stated Tim O'Keefe, CFO of DBSi. "Our business has experienced explosive growth over the last few years and DH Capital was instrumental in obtaining very attractive financing."
"DBSi has built an impressive business that was instantly recognized by potential lenders," stated Mark Thorsheim, Partner and Managing Director of DH Capital. "PNC and MCG worked well together to get this transaction over the finish line for the Company. DBSi is now extremely well-positioned to execute on its growth strategy and build on its reputation as a leading managed services and co-location provider."
DH Capital served as exclusive financial advisor to DBSi on the transaction.
About DBSi
DBSi is an innovative data center services company providing flexible, cost-effective technology solutions for clients requiring exceptional support for mission-critical business processing and operations. Headquartered in Bethlehem, PA, DBSi operates secure, high density, highly available data centers in Bethlehem, Valley Forge, and Allentown (Breinigsville), PA. In business for more than 30 years, today DBSi serves over 250 clients in an array of industry verticals with strong presence in the healthcare and financial markets.
DBSi's comprehensive data center services include a significant healthcare-centric managed data center practice, managed hosting solutions, cloud computing, and traditional co-location. Managed solutions encompass a wide range of IT disciplines including high speed wide area network connectivity, daily operational and administration management services, managed storage, comprehensive monitoring, data backup and restoration, security management, and change control.
Delivered from each of its three facilities, DBSi's Disaster Recovery services provide geographically diverse solutions for traditional, dedicated, and customized recovery strategies -- complimented by the region's largest Workspace Recovery offering. In addition to traditional tape based recovery, DBSi offers advanced recovery services including virtualization, real time data replication, remote backup, email failover and redundant data center configurations.
For additional information about DBSi, please visit the company website at http://www.dbsintl.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 $3 billion in value.
For additional information about DH Capital, please contact us at 212-774-3720 or visit our website at http://www.dhcapital.com.
Contact Information:
Contact:
DH Capital
212-774-3720
www.dhcapital.com