DH Capital Closes Cervalis Deal

April 10, 2007 -- (WEB HOST INDUSTRY REVIEW) -- Investment banking firm DH Capital (dhcapital.com) announced on Monday the closing of $20 million in senior credit facilities for data center operator and Web hosting provider Cervalis (cervalis.com).

MCG Capital (mcgcapital.com) from Arlington, Virginia provided the financing for the transaction while DH Capital served as exclusive financial advisor to Cervalis.

"DH Capital did a great job in this process, working closely with the company to find the best financing solution," says Michael Boccardi, CEO of Cervalis. "We are very pleased to establish this relationship with MCG Capital. The additional capital will enable us to successfully expand our business strategy of providing high availability data center facilities and services to our clients."

Cervalis is a premier provider of IT infrastructure solutions including business continuity and rapid recovery, managed hosting, managed security, networking and telecommunications, managed storage and colocation.