NEW YORK, NY and BOULDER, CO -- 11/19/08 --
Investment banking firm DH
Capital, LLC, serving the global hosting and cable television industries,
was exclusive financial advisor to Utah-based mass market hosting provider
WestHost in the recent acquisition of WestHost by Britain's UK2 Group.
"The WestHost team has done an outstanding job building a strong,
customer-focused platform," said Paul Stapleton, managing director of DH
Capital. "UK2's acquisition of WestHost strongly communicates their
continuing commitment to quality."
UK2 Group managing director and chief executive officer Ditlev Bredahl said
in a statement, "I want to assure all WestHost clients that they are not
going to see any changes in that kind of personal service. We are keeping
the data center in Utah open because a local presence is important, and
we are keeping the excellent staff that is there."
"The right deals can and do get done regardless of the economy," said
Stapleton. "Buyers who can get funding are extremely selective with
potential acquisitions in this market, but if value is there, deals get
done," Stapleton said. "We are very pleased to have been a part of the team
that brought these two strong entrepreneurial groups together."
The two firms' ideals and offerings will complement and support each other
under one international umbrella. Terms of the acquisition were not
released.
About DH Capital, LLC
DH Capital is an investment banking partnership serving the media, Internet
and telecommunications industries. Based 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. For additional information on DH Capital, please
call 212-774-3720 or visit www.dhcapital.com.
About WestHost LLC
WestHost is a premier provider of mass market hosting solutions including
shared, dedicated server and reseller hosting, domain registration, web
design, ecommerce tools and merchant account solutions. The company's
skilled professionals, outstanding customer support and world-class Tier IV
facility provide its clients with a secure IT environment that ensures
business resilience. WestHost has been the recipient of multiple awards
including Netcraft's Top 10 Most Reliable Hosting Company numerous times.
Additional information about WestHost is available at www.westhost.com.
About UK2 Group
UK2 Group family of companies includes US2.net, midPhase, 10TB.com,
Resell.biz, WingSix, AN Hosting, Autica, Supreme Support, and flagship
member UK2.net, which has operated for more than a decade. UK2.net has sold
more than one million domain names and currently hosts hundreds of
thousands of Web domains. Moving beyond its US strategy, the UK2 Group has
also recently acquired Australian reseller-oriented web host Dotable
(www.dotable.com).
DH Capital, LLC
212-774-3728
www.dhcapital.com
